Updated Dec 4, 2024
Bento Queiroz Acquires Development Site In Miami Beach For $4.5M
1333 Dade Boulevard
$4,500,000
$532/SF
Building Size
8,450 SF
Asset Type
Development Site
Closing
May 1, 2023
About this deal
AI
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.
On the Map
$4,500,000
$532/SF
Development Site
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Players
Miami Beach Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93