Eric Milne Acquires Development Site At 606 West Flagler Street From Gregory Fox For $13.25M
606 West Flagler Street
$13,250,000
$166/SF
Building Size
79,487 SF
Asset Type
Development Site
Closing
Nov 25, 2025
AI
The property asset involved in this transaction is a development site located at 606 West Flagler Street in the Miami market. The transaction was completed for a sale price of $13,250,000. The total building square footage is 79,487, resulting in a price per building square foot of $166. Additionally, the square footage per sale is also 79,487 with a corresponding price per square foot of $166.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $13,250,000
- Address: 606 West Flagler Street
- Market: Miami
- Total Building Square Footage: 79,487
- Price Per Building Square Foot: $166
- Price Per Square Foot: $166
- Buyer: Eric Milne
- Seller: Gregory Fox
- Brokers: Jonathan De La Rosa, Matthew Albregts & Scott Sandelin - Marcus & Millichap
Key individuals involved in this deal include Eric Milne as the buyer and Gregory Fox as the seller. The brokers representing this transaction are Jonathan De La Rosa, Matthew Albregts, and Scott Sandelin from Marcus & Millichap, facilitating the sale process.
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
1.20%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93