Jose Gregorio Breindembach Ziegler Sells Dev Site In Bay Point, Miami For $13M
4151 Palm Lane, Miami, FL 33137
$13,000,000
$382/SF
Building Size
34,000 SF
Asset Type
Development Site
Closing
Jul 13, 2020
AI
A development site located at 4151 Palm Lane in Bay Point, Miami has been sold for $13,000,000. The property spans approximately 34,000 square feet with a price per square foot of $382. The sale was finalized on July 13, 2021.
Summary of transaction details
- Property Type: Dev Site
- Transaction Amount: $13,000,000
- Address: 4151 Palm Lane, Bay Point, Miami
- Market: Bay Point, Miami
The seller of the property was Jose Gregorio Breindembach Ziegler. The transaction was facilitated by brokers Sylvia Chamorro and Giordana Vogel.
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
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93