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5215 Biscayne Boulevard

Michael Simpson Acquires Development Site On Biscayne Boulevard From Jose Canero For $3.65M
SOLDDevelopment Site

Michael Simpson Acquires Development Site On Biscayne Boulevard From Jose Canero For $3.65M

5215 Biscayne Boulevard

$3,650,000

$121/SF

Building Size

30,000 SF

Asset Type

Development Site

Closing

Aug 7, 2026

AI

The transaction involved the sale of a development site located at 5215 Biscayne Boulevard in Miami. The property was sold for a total price of $3,650,000, covering an area of approximately 30,000 square feet. The price per square foot was calculated to be $121.

Summary of transaction details:

Giovanni Mancini and Mina Taskiran represented both the buyer and seller in this transaction. They accomplished a land assemblage totaling 28,000 square feet on prime Biscayne Boulevard. Their efforts in the market highlight their capability in facilitating significant property deals.

Players

Giovanni Mancini

Sotheby's International Realty

Broker

$58.2M

vol

14 deals

Broker

Jose Canero Sr.

Seller

$3.7M

vol

1 deal

Seller

Miami Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.35%

Cash-on-Cash

-1.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93