Kamil Chraibi Of Bluenest Development Acquires Development Site In Miami Gardens For $14M
SOLD
$14,000,000
Florida
See Similar DealsDevelopment Site
Sold 12/19/2025
SOLD
Kamil Chraibi Of Bluenest Development Acquires Development Site In Miami Gardens For $14M
20700 Northwest 42nd Avenue
See Similar DealsDevelopment Site
Sold 12/19/2025
Summary
FLORIDA
Asset Type:Development Site
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$746,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$49,739.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$66,367.14
Annual Debt Service$796,405.71
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