Updated Dec 4, 2024
Talcott Resolution Life Insurance Provides $28M Construction Loan For Development Site In Dania Beach
2200 Northeast 7th Avenue
$28,000,000
$163,742/SF
Building Size
171 SF
Asset Type
Development Site
Closing
Feb 8, 2022
About this deal
AI
Located at 2200 Northeast Seventh Avenue in Dania Beach, this 22.4-acre development site was recently involved in a closed transaction. The property, with a building square footage of 171,000, is situated in a prime location within the market.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $28,000,000
- Market: Dania Beach
- Building Square Footage: 171,000
- Lot Size: 22.4 acres
In this deal, the lender, Talcott Resolution Life Insurance, provided a construction loan of $28,000,000. The landlord, Bridge Industrial, represented by Steve Poulos & Kevin Carroll, facilitated the transaction. The involvement of these key individuals and companies highlights the collaborative efforts behind the successful completion of the deal.
On the Map
$28,000,000
$163,742/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
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93