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606 West Flagler Street

Eric Milne Acquires Development Site At 606 West Flagler Street From Gregory Fox For $13.25M
SOLDDevelopment Site

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

Jonathan De La Rosa

Marcus & Millichap

Broker

$659M

vol

145 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

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