Updated Aug 11, 2026
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
About this deal
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:
- Property Type: Development Site
- Transaction Amount: $3,650,000
- Address: 5215 Biscayne Boulevard
- Market: Miami
- Square Footage: 30,000
- Price Per Square Foot: $121
- Buyer: Michael Simpson
- Seller: Jose Canero
- Brokers: Giovanni Mancini & Mina Taskiran - ONE Sotheby's International Realty
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.
On the Map
$3,650,000
$121/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
4.35%
Cash-on-Cash
-1.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93