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Bento Queiroz Acquires Development Site In Miami Beach For $4.5M

Property Image
SOLD
$4,500,000
Bento Queiroz
Mika Mattingly
Cecilia Estevez

Florida

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Development Site8,450 SF
Sold 05/01/2023
the dealplayerscompscontact
Property Image
SOLD

Bento Queiroz Acquires Development Site In Miami Beach For $4.5M

1333 Dade Boulevard

See Similar Deals
Development Site8,450 SF
Sold 05/01/2023
Bento Queiroz
Mika Mattingly
Cecilia Estevez
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$532
Total Square Footage:8,450 SF
Transaction Type:Sale

A development site located at 1333 Dade Boulevard in Miami Beach has been sold for a price of $4,500,000. The property spans across 8,450 square feet with a price per square foot of $533.

Summary of transation details

  • Property Type: Development Site
  • Transaction Amount: $4,500,000

The seller in this transaction was Jose Luis Rodriguez. The buyer was represented by Bento Queiroz from Compass, while Mika Mattingly and Cecilia Estevez from Colliers International represented the seller. The deal was finalized on May 1, 2023.

Players

Bento Queiroz
Compass
Bento Queiroz
8 deals$75.9M volume
BROKER
Mika Mattingly
Colliers
Mika Mattingly
34 deals$528.8M volume(786) 486-4391
BROKER
Cecilia Estevez
Colliers
Cecilia Estevez
20 deals$375.9M volume(786) 433-5393
BROKER

Details

SOLD
IMAGE: Mika Mattingly, Bento Queiroz & Cecilia Estevez DATE: 05/01/2023 ADDRESS: 1333 Dade Boulevard MARKET: Miami Beach ASSET TYPE: Development Site SELLER: Jose Luis Rodriguez BUYER'S REP: Bento Queiroz (@BentoQueirozGroup) - Compass (@Compass) (@CompassFl) SELLER'S REP: Mika Mattingly & Cecilia Estevez - Colliers International (@ColliersInternational) SALE PRICE: $4,500,000 SF: 8,450 ~ PPSF: $533

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$240,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55