Updated Nov 28, 2024
The Related Group Acquires Wynwood Development Site For $18.5M
38 NW 22nd St, Oklahoma City, OK 73103, USA
$18,500,000
$187/SF
Building Size
98,881 SF
Asset Type
Development Site
Closing
May 11, 2020
About this deal
AI
The development site located at 2141-2115, 2150-2160 North Miami Avenue, 38 Northwest 22nd Street, and 2155 Northwest Miami Court in Wynwood has been sold in a closed transaction. The property is a development site.
Summary of transaction details:
- Property Type: Development site
- Transaction Amount: $18,500,000
- Market: Wynwood
The seller of the property was Diamedix Corp, while the buyer was PRH Investments LLC, which is represented by The Related Group, specifically Jorge Pérez & [NAME OF TYPE'S REP]. The transaction was completed on 05/12/2020.
The property offers a buildable square footage (BSF) of 98,881. The price per buildable square footage (PPBSF) was $187.
Players
Oklahoma City Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Browse Oklahoma development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93