AHS Residential Acquires Development Site In North Miami Beach For $57M
SOLD
$57,000,000
Florida
See Similar DealsDevelopment Site746,617 SF
Sold 03/14/2022
SOLD
AHS Residential Acquires Development Site In North Miami Beach For $57M
15780 West Dixie Highway, North Miami Beach, Florida 33162, United States
See Similar DealsDevelopment Site746,617 SF
Sold 03/14/2022
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$76
Total Square Footage:746,617 SF
Transaction Type:Sale
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.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,040,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$202,508.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$270,209.08
Annual Debt Service$3,242,508.96
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