Javier Cervera Jr. Acquires Miami International Airport Multifamily For $13.2M
4325 Nw S Tamiami Canal Dr, Miami, Fl 33126, Usa
$13,200,000
$195/SF
Building Size
67,649 SF
Asset Type
MultiFamily
Closing
Jul 15, 2020
AI
MIA Airport Villas LLC has sold a multifamily property located at 4325-4335 Northwest South Tamiami Canal Drive in Miami International Airport. The property spans 67,649 square feet and consists of 90 units. The sale was completed for a total price of $13,200,000, resulting in a price per square foot of $195 and a price per unit of $147,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $13,200,000
- Address: 4325-4335 Northwest South Tamiami Canal Drive, Miami International Airport
- Market: Miami International Airport
The buyer of the property is Javier Cervera Jr. from Cervera Real Estate Ventures. On the other hand, MIA Airport Villas LLC, represented by Jesper Arnoldsson from SMS Lodging, acted as the seller in this transaction.
Miami MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.20%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93