Updated Mar 11, 2025
Parkview Financial Provides $26.5M Loan For Development Site At 805 West Flagler Street In Miami
805 West Flagler Street, Miami, FL 33128, USA
$26,500,000
$3,533/SF
Building Size
7,500 SF
Asset Type
Development Site
Closing
Aug 18, 2020
About this deal
AI
An $26,500,000 loan has been secured by Alan Amdur of i3 Development for a development site located at 805 West Flagler Street in Miami. The loan was provided by Parkview Financial.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $26,500,000
- Date: 08/18/2021
- Market: Miami
Charles Penan and Joel Zusman of Aztec Group represented Alan Amdur in the transaction.
The development site loan at 805 West Flagler Street, Miami, FL 33128, USA in Miami, Florida financed for $26.5M in 2020. The building is 7,500 square feet, implying about 3.5K per square foot on the published price. Charles Penan, Joel Zusman, Alan Amdur, Aztec Group appear on the loan alongside Aztec Group. This page is the Miami, Florida file for the 805 West Flagler Street, Miami, FL 33128, USA development site financed: pricing, party profiles, and other closed development site comps from the same Miami sit in the Market section below. Filter that Miami development site set by closing date to see what else financed near 805 West Flagler Street, Miami, FL 33128, USA around 2020. Published consideration for 805 West Flagler Street, Miami, FL 33128, USA is $26.5M, dated 2020. Cite this Parkview Financial Provides $26.5M Loan For Development Site At 805 West Flagler Street In Miami loan when underwriting similar development site product around Miami, Florida.
Players
Miami Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.60%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93