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6455 Pinetree Drive Circle,...

Douglas Elliman Represents $20M Land Sale On Pinetree Dr Circle In Miami Beach
SOLD

Douglas Elliman Represents $20M Land Sale On Pinetree Dr Circle In Miami Beach

6455 Pinetree Drive Circle, Miami Beach, Florida 33141, United States

$20,000,000

$618/SF

Building Size

32,328 SF

Asset Type

Closing

Apr 3, 2022

AI

Oren Alexander, Tal Alexander, Pier Paolo Visconti, and Claudia Llanes completed the sale of a land property in Miami Beach. The property, located at 6455 Pinetree Dr Circle, was sold on April 4, 2022, for a total of $20,000,000. The land spans across 32,328 square feet, resulting in a price per square foot of $619.

Summary of transaction details

  • Property Type: Land
  • Transaction Amount: $20,000,000
  • Address: 6455 Pinetree Dr Circle
  • Market: Miami Beach
  • Square Footage: 32,328
  • Price per Square Foot: $619

Pier Paolo Visconti and Claudia Llanes from Douglas Elliman represented the buyer in this transaction, while Oren Alexander and Tal Alexander, also from Douglas Elliman, represented the seller.

Players

Oren Alexander

Official

Broker

$2B

vol

106 deals

Broker

Miami 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

0.79%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93