Updated Dec 19, 2023
Dora Puig Acquires Dev Site On Venetian Islands For $6.25M
1350 S Venetian Way, Miami Beach, Fl 33139, Estados Unidos
$6,250,000
$510/SF
Building Size
12,250 SF
Asset Type
Development Site
Closing
Oct 14, 2020
About this deal
AI
The development site located at 1350 S Venetian Way in the Venetian Islands has been sold for a price of $6,250,000. Spanning across 12,250 square feet, this property offers a prime opportunity for future development. With a price per buildable square foot of $510, this transaction represents a significant investment in the area.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $6,250,000
- Address: 1350 S Venetian Way
- Market: Venetian Islands
- Broker: Dora Puig
Dora Puig, from an undisclosed agency, acted as the broker in this transaction. Their expertise and knowledge of the market played a key role in facilitating the deal. This sale represents a significant opportunity for future development in the Venetian Islands market.
Players
Miami Beach 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
2.54%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93