Updated Sep 9, 2024
DWNTWN Realty Advisors Sells Development Site In Edgewater, Miami For $20.5M
2699 Biscayne Boulevard, Miami, Florida 33137, United States
$20,500,000
$493/SF
Building Size
41,554 SF
Asset Type
Development Site
Closing
Oct 17, 2022
About this deal
AI
A development site located at 2699 Biscayne Blvd in Edgewater, Miami, has been sold for a total of $20,500,000. The property spans 41,554 square feet, resulting in a price per square foot of $493.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $20,500,000
- Address: 2699 Biscayne Blvd, Edgewater, Miami
- Market: Edgewater, Miami
- Seller: Juan Carlos Cachoua
- Brokers: Devlin Marinoff, Tony Arellano & David Richman - DWNTWN Realty Advisors
The deal was facilitated by Devlin Marinoff, Tony Arellano, and David Richman from DWNTWN Realty Advisors, who represented the seller, Juan Carlos Cachoua.
Players
Miami Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Visit David Richman to view all their deals.
Browse Florida development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.77%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93