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9201 East Bay Harbor Drive,...

Continuum Co. Acquires Development Site In Bay Harbor Islands From Taubco
SOLDDevelopment Site

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.

Players

Philip Gutman

Pgutman

Broker

$105M

vol

3 deals

Broker
Brown Harris Stevens
Brown Harris StevensBrokerage
Ian Bruce Eichner

Ian Bruce Eichner

Buyer

$241M

vol

7 deals

Buyer

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