1201 Brickell Bay LLC Acquires Development Site In Brickell, Miami For $363M
1201 Brickell Bay Drive, Miami, Florida 33131, United States
$363,000,000
$3,333/SF
Building Size
108,900 SF
Asset Type
Development Site
Closing
Apr 20, 2022
AI
The development site located at 1201 Brickell Bay Drive in Brickell, Miami has been sold in a closed transaction. The property spans over 2.5 acres and is a valuable asset in the area.
Summary of transaction details:
- Property Type: Development Site
- Sale Price: $363,000,000
- Address: 1201 Brickell Bay Drive
- Market: Brickell, Miami
The buyer of the property is 1201 Brickell Bay LLC with Randall Davis representing them in the deal. On the other hand, the seller is Florida East Coast Realty, with the Hollo Family, specifically Jerome Hollo, involved in the transaction.
Players
Miami Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93