Colliers International Facilitates $4.5M Sale Of Development Site In Miami
SOLD
$4,500,000
National
See Similar DealsDevelopment Site18,700 SF
Sold 03/20/2023
SOLD
Colliers International Facilitates $4.5M Sale Of Development Site In Miami
145 Nw 30 St & 161 Nw 30 St
See Similar DealsDevelopment Site18,700 SF
Sold 03/20/2023
Summary
Asset Type:Development Site
Price Per Square Foot:$240
Total Square Footage:18,700 SF
Transaction Type:Sale
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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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$240,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55
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