Gianfranco Nucci Acquires Miami Development Site For $12.5M
410 NE 27th St
$12,500,000
$392/SF
Building Size
31,835 SF
Asset Type
Development Site
Closing
Dec 20, 2020
AI
A development site located at 410 NE 27th St in Miami has been sold for $12,500,000. The property spans 31,835 square feet, resulting in a price per square foot of $393. The transaction took place on December 21, 2022, with Gianfranco Nucci as the buyer and William Wiener as the seller.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $12,500,000
- Square Footage: 31,835
- Price per Square Foot: $393
- Address: 410 NE 27th St, Miami
- Market: Miami
Benjamin (Ben) Silver and Leslie Maister from CBRE represented the seller in this transaction. They acted as the seller's representatives throughout the deal.
Players
Winston-Salem 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
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93