Lennar Corp. Acquires Development Site In Miami For $24.5M
SOLD
$24,500,000
Florida
See Similar DealsDevelopment Site433,422 SF
Sold 03/23/2022
SOLD
Lennar Corp. Acquires Development Site In Miami For $24.5M
8290 Southwest 120th Street, Miami, Florida 33156, United States
See Similar DealsDevelopment Site433,422 SF
Sold 03/23/2022
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$56
Total Square Footage:433,422 SF
Transaction Type:Sale
A development site located at 8290 SW 120 Street in Miami has been sold for a price of $24,500,000. The buyer in this transaction is Lennar Corp., while the seller is Sabal Development. The sale took place on March 23, 2022, and the property is characterized by a building square footage (BSF) of 433,422. The price per building square footage (PPBSF) is calculated to be $57.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $24,500,000
- Address: 8290 SW 120 Street, Miami
- Buyer: Lennar Corp.
- Seller: Sabal Development
- BSF: 433,422
- PPBSF: $57
Pascal Nicolai was the representative from Pascal Nicolai mentioned in the transaction.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,306,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$87,043.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$116,142.50
Annual Debt Service$1,393,709.99
Is there something missing? Send suggestions