Royal Palm Cos. Acquires 9.6 Acres Of Land In Aventura For $39.05M
Northeast 214th Street, Aventura, Florida 33180, United States
$39,050,000
Building Size
—
Asset Type
—
Closing
Feb 15, 2022
AI
The property involved in this transaction is a 9.6-acre land located at NE 214th Street & NE 214th Terrace in Aventura. The sale of this land took place on February 16, 2022.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $39,050,000
- Address: NE 214th Street & NE 214th Terrace, Aventura
The buyer of the land is Royal Palm Cos., represented by Daniel Kodsi & Sergio Moises, while the seller is Jasmin Investments LLC & Infinite Race LLC, represented by Reuven & Jacqueline Tako. City National Bank of Florida acted as the lender in this transaction.
Players
Miami CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93