Janice E. Walker & Gordon A. Findlay Acquire Vacant Commercial Property In Miami, FL For $386.4M
SOLD
$386,446,500
Florida
See Similar DealsCommercial
Sold 08/29/2022
SOLD
Janice E. Walker & Gordon A. Findlay Acquire Vacant Commercial Property In Miami, FL For $386.4M
215 South Dixie Highway, Miami, Florida 33133, United States
See Similar DealsCommercial
Sold 08/29/2022
Summary
FLORIDA
Asset Type:Commercial
Transaction Type:Sale
The vacant commercial property located at 215 S Dixie Hwy in Miami, FL has been sold in a recent transaction. The sale took place on August 29, 2022, with Janice E. Walker & Gordon A. Findlay acquiring the property from Brent Reynolds. The transaction price for this property was $386,446,500.
Summary of transaction details
- Property Type: Vacant Commercial
- Transaction Amount: $386,446,500
- Property Address: 215 S Dixie Hwy, Miami, FL
Janice E. Walker & Gordon A. Findlay have purchased this vacant commercial property from Brent Reynolds in Miami, FL. The deal was successfully completed on August 29, 2022. The property has a prime location on S Dixie Hwy and offers great potential for future development or investment opportunities.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$20,610,480.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$1,372,962.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,831,953.57
Annual Debt Service$21,983,442.79
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