Isaac Tshuva Of El-Ad National Properties Purchases Development Site In Miami For $45.5M
3265 Virginia Street
$45,500,000
Building Size
—
Asset Type
Development Site
Closing
May 13, 2026
AI
The property involved in the transaction is a development site located at 3265 Virginia Street in Miami. The transaction was completed for a total sale price of $45,500,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $45,500,000
- Buyer: Isaac Tshuva - El-Ad National Properties
- Seller: Jose Canero - Canero Group
- Broker Representation: Omar Morales, Jaret Turkell & Yoav Yuhjtman - Berkadia
- Transaction Date: 05/14/2026
This deal involved key individuals such as Isaac Tshuva, who represented El-Ad National Properties as the buyer, and Jose Canero, who represented Canero Group as the seller. The brokerage team from Berkadia, consisting of Omar Morales, Jaret Turkell, and Yoav Yuhjtman, facilitated the transaction.
Players
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
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93