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1775 Collins Avenue

Updated Oct 20, 2025

Genghis Hadi Of Nahla Capital Acquires Oceanfront Development Site In Miami Beach For $270M
SOLDDevelopment Site

Genghis Hadi Of Nahla Capital Acquires Oceanfront Development Site In Miami Beach For $270M

1775 Collins Avenue

$270,000,000

Building Size

—

Asset Type

Development Site

Closing

Oct 16, 2025

About this deal

AI

The development site consists of three parcels located at 1751, 1757, and 1775 Collins Avenue in Miami Beach, covering a total of over 3 acres. Nahla Capital, led by buyer Genghis Hadi, acquired the site for approximately $270 million. The transaction involved notable sellers including Michael Shvo from SHVO, Scott Soucy from Deutsche Finance America, and Axel Uttenreuther from Bayerische Versorgungskammer.

Summary of transation details:

Newmark's Adam Spies and Marcella Fasulo facilitated the sale, representing the parties involved. The acquisition marks a significant move in the Miami Beach market, highlighting Nahla Capital's investment activities within the region.

On the Map

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$270,000,000

Development Site

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Players

Adam Spies
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Adam Spies

Newmark

Broker

$74.2B

vol

273 deals

Broker
Genghis Hadi

Genghis Hadi

Nahla Capital

Buyer

$405M

vol

4 deals

Buyer
Michael Shvo

Michael Shvo

SHVO

Seller

$3.1B

vol

17 deals

Seller
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Miami 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

0.06%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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