Updated Oct 29, 2024
Biscayne Companies Acquires Little River Development Site For $2.3M
197-199 Nw 79 St
$2,290,000
$88/SF
Building Size
26,000 SF
Asset Type
Development Site
Closing
Feb 21, 2023
About this deal
AI
A development site located at 197-199 NW 79 St in the Little River market has been sold for a price of $2,300,000. The property spans 26,000 square feet with a price per buildable square foot (PPBSF) of $88.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $2,300,000
- Address: 197-199 NW 79 St
- Market: Little River
- Total Buildable Square Footage: 26,000
- Price Per Buildable Square Foot: $88
The buyer of the property is Kenneth Fantes and Alejandro Reyes, representing Biscayne Companies, while the seller is Orlie Jedwab. The buyer's representative in the deal is Ernie Perez from Gridline Properties, and the seller's representative is Alfredo Riascos, also from Gridline Properties.
On the Map
$2,290,000
$88/SF
Development Site
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Players
Kansas City Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.93%
Cash-on-Cash
-1.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93