facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Development Site

/

Sale

/

900 Belle Meade Island Drive

Jose Canero Acquires Development Site In Miami For $3.55M With Buyer's Rep Giovanni Mancini & Mina Taskiran
SOLDDevelopment Site

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

Giovanni Mancini

Sotheby's International Realty

Broker

$58.2M

vol

14 deals

Broker
Jose Canero

Jose Canero

Buyer

$150.7M

vol

12 deals

Buyer

Manly Danh

Seller

$7.2M

vol

2 deals

Seller

Miami Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

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