Kamil Chraibi Of Bluenest Development Acquires Development Site In Miami Gardens For $14M
20700 Northwest 42nd Avenue
$14,000,000
Building Size
—
Asset Type
Development Site
Closing
Dec 18, 2025
AI
The property involved in this transaction is a development site located at 20700 Northwest 42nd Avenue in Miami Gardens. The asset was sold for a transaction amount of $14,000,000, reflecting its market value as a development opportunity in the area.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $14,000,000
- Buyer: Kamil Chraibi
- Buyer Company: Bluenest Development
- Seller: iHeartMedia + Entertainment, Inc
- Broker Representatives: Scott O'Donnell & Miguel Alcivar
- Brokerage Firm: Cushman & Wakefield
- Transaction Date: 12/19/2025
This transaction highlights the involvement of Kamil Chraibi, representing Bluenest Development as the buyer, while iHeartMedia + Entertainment, Inc served as the seller of the property. The brokerage representation was carried out by Scott O'Donnell and Miguel Alcivar from Cushman & Wakefield, facilitating the completion of this development site transaction.
Players
Opa Locka 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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93