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
About this deal
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.
On the Map
$20,000,000
$618/SF
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Players
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