Updated Oct 29, 2024
Elias Esber Acquires Key Biscayne Development Site For $8.5M
630 South Mashta Drive, Key Biscayne, FL 33149, USA
$8,500,000
$566/SF
Building Size
15,000 SF
Asset Type
Development Site
Closing
Jun 30, 2020
About this deal
AI
A development site located at 630 South Mashta Drive in Key Biscayne has been sold for $8,500,000. Spanning 15,000 square feet, the property offers a buildable square footage (BSF) of 15,000 and a price per buildable square foot (PPBSF) of $566.
Summary of transaction details
- Property Type: Development site
- Transaction Amount: $8,500,000
- Address: 630 South Mashta Drive, Key Biscayne
- Market: Key Biscayne
- BSF: 15,000
- PPBSF: $566
Elias Esber has acquired the property from Oceana Key Biscayne Corp, represented by Morella Rincon. The transaction was facilitated by Jessica Juliao of Cervera Real Estate.
On the Map
$8,500,000
$566/SF
Development Site
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Players
Key Biscayne 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
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93