Updated Mar 11, 2025
Mast Capital Provides $62.5M Acquisition Loan For Development Site In Brickell, Miami
1420 South Miami Avenue, Miami, FL 33130
$62,500,000
$39/SF
Building Size
1,600,000 SF
Asset Type
Development Site
Closing
Dec 22, 2021
About this deal
AI
The development site located at 1420 S Miami Ave in Brickell, Miami was involved in a recent closed transaction. The property has a buildable square footage (BSF) of 1,600,000, making it a significant asset in the area.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $62,500,000
- Address: 1420 S Miami Ave
- Market: Brickell, Miami
- Lender: Mast Capital - Camilo Miguel Jr.
- Landlord: MSD & CanAm Enterprises
- Brokers: Dustin Stolly, Jordan Roeschlaub, Chris Kramer, Daniel Fromm, Nick Scribani, and Daniel Matz - Newmark
The acquisition loan for this transaction was provided by Mast Capital, with Camilo Miguel Jr. representing the lender. The property's landlords are MSD and CanAm Enterprises.
On the Map
$62,500,000
$39/SF
Development Site
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Players
Miami Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93