Continuum Co. Acquires Development Site In Bay Harbor Islands From Taubco
9201 East Bay Harbor Drive, Bay Harbor Islands, FL 33154
$29,500,000
$1,697/SF
Building Size
17,382 SF
Asset Type
Development Site
Closing
May 17, 2020
AI
A development site located at 9201 E Bay Harbor Drive in Bay Harbor Islands has been sold for a price of $29,500,000. The property, which was listed by Taubco, was purchased by Continuum Co., represented by Ian Bruce Eichner. The sale took place on May 17, 2021.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $29,500,000
- Address: 9201 E Bay Harbor Drive, Bay Harbor Islands
- Market: Bay Harbor Islands
The buyer, Continuum Co., was represented by Ian Bruce Eichner. The seller, Taubco, listed the property for sale. The deal was facilitated by broker Philip Gutman. The development site offers 225,000 square feet of buildable space, with a price per buildable square foot (PPBSF) of $131.
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Bay Harbor Islands 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
0.54%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93