Jose Gregorio Breindembach Ziegler Sells Dev Site In Bay Point, Miami For $13M
SOLD
$13,000,000
Florida
See Similar DealsDevelopment Site34,000 SF
Sold 07/13/2020
SOLD
Jose Gregorio Breindembach Ziegler Sells Dev Site In Bay Point, Miami For $13M
4151 Palm Lane, Miami, FL 33137
See Similar DealsDevelopment Site34,000 SF
Sold 07/13/2020
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$382
Total Square Footage:34,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$693,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$46,186.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$61,626.63
Annual Debt Service$739,519.59
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