Updated Dec 20, 2023
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
About this deal
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.
On the Map
$13,000,000
$382/SF
Development Site
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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