Updated Sep 9, 2024
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
About this deal
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:
- Property Type: Development Site
- Transaction Amount: $4,500,000
- Address: 145 NW 30 St & 161 NW 30 St, Miami
- Square Footage: 18,700
- Price per Square Foot: $241
- Seller: Carlos Romero
- Brokers: Virgilio Fernandez & Mitash Kripalani - Colliers International
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.
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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