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18555 Collins Avenue

Gil Dezer Sells Porsche Design Tower Condo In Sunny Isles Beach To Lionel Messi For $5M
SOLD

Gil Dezer Sells Porsche Design Tower Condo In Sunny Isles Beach To Lionel Messi For $5M

18555 Collins Avenue

$5,000,000

$1,406/SF

Building Size

3,555 SF

Asset Type

Closing

Nov 26, 2019

AI

Gil Dezer has sold a condo in Sunny Isles Beach for $5,000,000. The condo, located at 18555 Collins Ave in the Porsche Design Tower, spans 3,555 square feet and was purchased by Lionel Messi, who is a player for FC Barcelona. The sale was facilitated by Dezer Platinum Realty. The price per square foot for the transaction was calculated at $1,406.

Summary of transation details

  • Property Type: Condo
  • Transaction Amount: $5,000,000
  • Square Footage: 3,555
  • Address: 18555 Collins Ave
  • Market: Sunny Isles Beach
  • Seller: Gil Dezer (@DezerDev)
  • Buyer: Lionel Messi (@LeoMessi) of FC Barcelona
  • Brokers: Dezer Platinum Realty (@DezerPlatinumRealty)
  • Price per Square Foot: $1,406

Gil Dezer of DezerDev sold a condo located at 18555 Collins Ave in Sunny Isles Beach to Lionel Messi of FC Barcelona for $5,000,000. The transaction was facilitated by Dezer Platinum Realty, represented by their brokers.

Players

FC Barcelona
FC BarcelonaBuyer

Gil Dezer

Seller

$932.8M

vol

8 deals

Seller

Sunny Isles Beach 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

3.17%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93