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5900 Biscayne Boulevard

Jader Almeida Purchases Development Site From Sebastien Dewandre For $3.8M In Miami
SOLDDevelopment Site

Jader Almeida Purchases Development Site From Sebastien Dewandre For $3.8M In Miami

5900 Biscayne Boulevard

$3,800,000

$226/SF

Building Size

16,769 SF

Asset Type

Development Site

Closing

Nov 2, 2024

AI

The property asset involved in this transaction is a development site located at 5900 Biscayne Boulevard in the Miami market. The sale price was $3,800,000, with a total square footage of 16,769, resulting in a price per square foot of $226.

Summary of transaction details:

This transaction involved key individuals such as buyer Jader Almeida and seller Sebastien Dewandre, with brokerage representation provided by Aaron Butler and Luca Singh Bhalla from Avenue Real Estate Partners, indicating a structured negotiation and successful closing of the deal.

Players

Aaron Butler
Verified Badge

Aaron Butler

Avenue Real Estate Partners

Broker

$52.4M

vol

9 deals

Broker

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

4.17%

Cash-on-Cash

-1.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93