Updated Oct 29, 2024
Joao Carlos Ribeiro's Cetip SA Acquires Golden Beach Development Site For $24M
135 Ocean Boulevard, Golden Beach, FL, USA
$24,000,000
$1,344/SF
Building Size
17,850 SF
Asset Type
Development Site
Closing
Jan 5, 2021
About this deal
AI
135 Ocean Boulevard in Golden Beach has been sold for $24,000,000. The development site spans 17,850 square feet, resulting in a price per square foot of $1,345. The transaction took place on January 6, 2021.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $24,000,000
- Address: 135 Ocean Boulevard, Golden Beach
- Market: Golden Beach
- Buyer: Joao Carlos Ribeiro - Cetip SA
- Seller: Marcos Lederman - Spinnaker Capital Group
- Broker: Thomas Dixon - Dixon Commercial Real Estate
Joao Carlos Ribeiro from Cetip SA acquired the property from Marcos Lederman of Spinnaker Capital Group. Thomas Dixon, representing Dixon Commercial Real Estate, facilitated the transaction as the broker. This sale represents a significant investment in the Golden Beach market, with the property offering potential for development opportunities.
Golden 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
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93