Lennar Acquires 188 Acres Of Land In Miami From Freehold Capital Management
1445 Wandering Willow Way, Loxahatchee, Florida 33470, United States
$7,400,000
Building Size
—
Asset Type
—
Closing
Mar 9, 2022
About this deal
AI
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.
On the Map
$7,400,000
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Players
Loxahatchee CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.14%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93