Updated Dec 4, 2024
BHK Capital Acquires Development Site In North Miami For $20 Million
2305 Northeast 123rd Street
$20,000,000
Building Size
—
Asset Type
Development Site
Closing
Jan 5, 2024
About this deal
AI
A development site located at 2305 Northeast 123 in North Miami has been sold in a recent transaction. The property, which was sold by the Related Group, was purchased by BHK Capital. The sale price for the development site was $20,000,000.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $20,000,000
- Market: North Miami
- Buyer: BHK Capital
- Seller: Related Group
The brokers involved in this deal were Jaret Turkell and Omar Morales from Berkadia. They represented BHK Capital in the transaction.
On the Map
$20,000,000
Development Site
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Players
North 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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93