Lennar Acquires 188 Acres Of Land In Miami From Freehold Capital Management
SOLD
$7,400,000
Florida
See Similar DealsSold 03/10/2022
SOLD
Lennar Acquires 188 Acres Of Land In Miami From Freehold Capital Management
1445 Wandering Willow Way, Loxahatchee, Florida 33470, United States
See Similar DealsSold 03/10/2022
Summary
FLORIDA
Transaction Type:Sale
188 acres of land located at 1445 Wandering Willow Way in Miami was recently sold in a transaction. The property was purchased by Lennar, represented by Stuart Miller, Rick Beckwitt, and Jon Jaffe. The seller of the property was Freehold Capital Management, represented by Jesse Baker and Thomas Tischer Jr.
Summary of transaction details
- Property Type: Land
- Transaction Amount: Not specified
- Address: 1445 Wandering Willow Way
- Market: Miami
- Buyer: Lennar - Stuart Miller, Rick Beckwitt & Jon Jaffe
- Seller: Freehold Capital Management - Jesse Baker & Thomas Tischer Jr.
Not further details about the transaction were provided.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$394,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$26,290.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,079.78
Annual Debt Service$420,957.30
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