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145 Nw 30 St & 161 Nw 30 St

Colliers International Facilitates $4.5M Sale Of Development Site In Miami
SOLDDevelopment Site

Colliers International Facilitates $4.5M Sale Of Development Site In Miami

145 Nw 30 St & 161 Nw 30 St

$4,500,000

$240/SF

Building Size

18,700 SF

Asset Type

Development Site

Closing

Mar 20, 2023

AI

Located in Miami, this development site at 145 NW 30 St & 161 NW 30 St was recently sold for a total price of $4,500,000. With a size of 18,700 square feet, the property was sold at a price per square foot of $241. The transaction was finalized on 03/20/2023.

Summary of Transaction Details:

The sale of this development site was facilitated by Virgilio Fernandez and Mitash Kripalani of Colliers International. Their expertise and guidance contributed to the successful completion of the transaction.

Players

Mitash Kripalani

Colliers

Broker

$137.6M

vol

23 deals

Broker

Market Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.53%

Cash-on-Cash

-1.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93