Updated Mar 3, 2025
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
About this deal
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