Updated Oct 28, 2024
AHS Residential Acquires Development Site In North Miami Beach For $57M
15780 West Dixie Highway, North Miami Beach, Florida 33162, United States
$57,000,000
$76/SF
Building Size
746,617 SF
Asset Type
Development Site
Closing
Mar 13, 2022
About this deal
AI
A development site located at 15780 W Dixie Hwy in North Miami Beach has been sold for $57,000,000. The property spans 746,617 square feet, with a price per square foot of $76. The transaction took place on March 14, 2022.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $57,000,000
- Address: 15780 W Dixie Hwy, North Miami Beach
- Square Footage: 746,617
- Price per Square Foot: $76
AHS Residential was the buyer in this transaction. The deal was represented by their broker representative, Leon Peisach & Mike Peisach. They successfully acquired the development site in North Miami Beach for a total of $57,000,000.
On the Map
$57,000,000
$76/SF
Development Site
View full map
Players
North Miami Beach Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Deal FAQ
About $76 per square foot on a published $57M for 746,617 square feet (2022).
Browse Florida development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93