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135 Ocean Boulevard, Golden...

Updated Oct 29, 2024

Joao Carlos Ribeiro's Cetip SA Acquires Golden Beach Development Site For $24M
SOLDDevelopment Site

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.

Players

Thomas Dixon

Dixon Commercial Real Estate

Broker

$24M

vol

1 deal

Broker

Golden Beach Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Deal FAQ

About $1.3K per square foot on a published $24M for 17,850 square feet (2021).

Visit Dixon Commercial Real Estate to view all their deals.

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

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