Updated Oct 29, 2024
Trammell Crow And The Carlyle Group Acquire Development Site In Miami From Costco Wholesale Corp
8300 Park Boulevard, Doral, Miami-Dade, FL, USA
$19,200,000
$131/SF
Building Size
146,599 SF
Asset Type
Development Site
Closing
Dec 30, 2020
About this deal
AI
Trammell Crow and The Carlyle Group have acquired a development site located at 8300 Park Boulevard in Miami. The property spans 11.3 acres and was sold by Costco Wholesale Corp for a price of $19,200,000. The transaction was facilitated by Apex Capital Realty.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $19,200,000
- Address: 8300 Park Boulevard
- Market: Miami
The buyer, Trammell Crow, is represented by Ken Valach, while The Carlyle Group is represented by Kewsong Lee. The seller, Costco Wholesale Corp, divested the property. Apex Capital Realty acted as the broker in the deal.
On the Map
$19,200,000
$131/SF
Development Site
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Miami Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93