Marco Bastidas Acquires Package Deal In Pinecrest For $4.1 Million With Buyer’s Rep Filippo Incorvaia
8205 Southwest 136th Street & 8251 Southwest 136th Street
$2,600,000
$26/SF
Building Size
97,038 SF
Asset Type
Package Deal
Closing
Sep 3, 2025
AI
A package deal was closed for two properties located at 8205 Southwest 136th Street and 8251 Southwest 136th Street in the Pinecrest market. The total sale price reached $4,100,000, encompassing 2.23 acres of land with a combined square footage of 97,038 and a price per square foot of $42. The property at 8205 Southwest 136th Street spans 1.48 acres and sold for $2,600,000, while the property at 8251 Southwest 136th Street covers 0.75 acres, selling for $1,500,000.
Summary of transaction details:
- Property Type: Package Deal
- Transaction Amount: $4,100,000
- Seller: Arleen S. Donelli; Earl L Evans & Mary F Evans
- Buyer's Representative: Filippo Incorvaia - FI Real Estate
- Market: Pinecrest
- Acres: 2.23
- Square Footage: 97,038
- Price per Square Foot: $42
This transaction highlights the efforts of listing agent Monica S. Betancourt at MBG Miami, recognizing her and her team for facilitating the deal. The properties are intended for residential development, contributing to the growing demand for land in Pinecrest.
Players
Pinecrest Package Deal Market Snapshot
Boundary boundary · Package Deal · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93