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
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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