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11295 Biscayne Blvd, Miami,...

Updated Oct 29, 2024

Integra Investments, Korgeous Group, And DCL Capital Acquire Development Site On Biscayne Boulevard For $15.5M
SOLDDevelopment Site

Integra Investments, Korgeous Group, And DCL Capital Acquire Development Site On Biscayne Boulevard For $15.5M

11295 Biscayne Blvd, Miami, FL 33181, USA

$15,500,000

$43/SF

Building Size

360,465 SF

Asset Type

Development Site

Closing

Jul 16, 2020

About this deal

AI

Integra Investments, Korgeous Group, and DCL Capital have jointly acquired a development site located at 11295 Biscayne Boulevard for a total price of $15,500,000. The property spans a total square footage of 360,465, resulting in a price per square foot of $43. The seller of the site was Jockey Segal LLC, represented by Paula Douer.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $15,500,000
  • Address: 11295 Biscayne Boulevard
  • Buyer: Integra Investments - Paulo Tavares de Melo, Korgeous Group - Andrew Korge, DCL Capital - David Larson
  • Seller: Jockey Segal LLC - Paula Douer
  • Square Footage: 360,465
  • Price per Square Foot: $43

The buyer consortium consists of Integra Investments, represented by Paulo Tavares de Melo, Korgeous Group, represented by Andrew Korge, and DCL Capital, represented by David Larson. This acquisition marks an important development for these companies in the real estate market.

Players

Miami Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Deal FAQ

About $43 per square foot on a published $15.5M for 360,465 square feet (2020).

Browse Florida development site sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.02%

Cash-on-Cash

-0.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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