Alirio Torrealba, Diego Torrealba, And Jay Roberts Acquire Development Site In North Bay Village For $30.9M
SOLD
$30,600,000
Florida
See Similar DealsDevelopment Site
Sold 10/10/2024
SOLD
Alirio Torrealba, Diego Torrealba, And Jay Roberts Acquire Development Site In North Bay Village For $30.9M
1725 John F Kennedy Causeway
See Similar DealsDevelopment Site
Sold 10/10/2024
Summary
FLORIDA
Asset Type:Development Site
Transaction Type:Sale
A development site located at 1725 John F Kennedy Causeway in North Bay Village has been sold. The property was acquired for a total price of $30,900,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $30,900,000
- Buyer: Alirio Torrealba, Diego Torrealba & Jay Roberts
- Buyer's Representative: Andy Daro & Troy Gordon - Compass
- Date of Sale: 10/10/2024
The deal involved key representatives Andy Daro and Troy Gordon from Compass, who facilitated the transaction for the buyers. The sale reflects a significant involvement of experienced professionals in the real estate market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,632,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$108,715.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$145,059.61
Annual Debt Service$1,740,715.34
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