Jose Canero Acquires Development Site In Miami For $3.55M With Buyer's Rep Giovanni Mancini & Mina Taskiran
900 Belle Meade Island Drive
$3,550,000
$278/SF
Building Size
12,750 SF
Asset Type
Development Site
Closing
Jan 5, 2024
AI
Located at 900 Belle Meade Island Drive in Miami, this development site was recently sold in a closed transaction. The property offers great potential for development and is situated in a desirable location.
Summary of transation details
- Property Type: Development Site
- Sale Price: $3,550,000
- Date: 01/05/2024
- Market: Miami
Jose Canero successfully acquired the property from the seller, Manly Danh. Represented by Giovanni Mancini and Mina Taskiran from Sotheby's International Realty, the buyer's team played a crucial role in facilitating the transaction. Ash Spahi acted as the seller's representative.
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
4.47%
Cash-on-Cash
-1.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93