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15699 W Dixie Hwy, North Mi...

Updated Oct 28, 2024

Dixie Highway Storage LLC Acquires Land In Miami For $5.25M
SOLD

Dixie Highway Storage LLC Acquires Land In Miami For $5.25M

15699 W Dixie Hwy, North Miami Beach, Miami-Dade, FL, USA

$5,250,000

$1,381/SF

Building Size

3,800 SF

Asset Type

Closing

Aug 3, 2021

About this deal

AI

Dixie Highway Storage LLC has purchased a land located at 15699 W Dixie Hwy in Miami. The transaction took place on August 4, 2021, with Aleksej Bereznoj as the seller. The sale price for this land was $5,250,000. The land has a total area of 3,800 square feet, resulting in a price per square foot of $1,382.

Summary of transaction details

  • Property Type: Land
  • Transaction Amount: $5,250,000
  • Address: 15699 W Dixie Hwy, Miami
  • Square Footage: 3,800
  • Price Per Square Foot: $1,382
  • Buyer: Dixie Highway Storage LLC
  • Seller: Aleksej Bereznoj

This transaction marks the acquisition of the land by Dixie Highway Storage LLC. The deal showcases the commitment of both parties, with Aleksej Bereznoj acting as the seller. The successful transaction concluded with a sale price of $5,250,000 for the 3,800 square feet land.

Players

North Miami Beach CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Deal FAQ

About $1.4K per square foot on a published $5.3M for 3,800 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.02%

Cash-on-Cash

-0.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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