Aventura Harbor Property Acquires Development Site In Aventura For $7.5M
20605 Northeast 34th Avenue
$7,500,000
$337/SF
Building Size
22,239 SF
Asset Type
Development Site
Closing
Aug 20, 2023
AI
The development site located at 20605 Northeast 34th Avenue in Aventura has been sold for a price of $7,500,000. The property spans an area of 22,239 square feet, resulting in a price per square foot of $337.
Summary of Transaction Details
- Property Type: Development Site
- Transaction Amount: $7,500,000
- Address: 20605 Northeast 34th Avenue
- Market: Aventura
The buyer of the property is Aventura Harbor Property, while the seller is Salo Wagenberg. Acting as the broker in this transaction is Viviane Wolak, representing One Sotheby's International Realty.
Miami 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
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93