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9975 Sunset Drive, Miami, F...

Updated Oct 28, 2024

Sunset Point ALF Acquires Development Site On 9975 Sunset Drive In Dadeland, South Florida
SOLDDevelopment Site

Sunset Point ALF Acquires Development Site On 9975 Sunset Drive In Dadeland, South Florida

9975 Sunset Drive, Miami, FL, USA

$3,700,000

$34,905/SF

Building Size

106 SF

Asset Type

Development Site

Closing

Jun 30, 2020

About this deal

AI

An development site located at 9975 Sunset Drive in Dadeland, South Florida has been sold. The sale was brokered by Agustin Duarte from REMAX 360. The property, which spans an area of 30,000 square feet, was purchased by Sunset Point ALF, represented by Carlos Alonso. The seller, Stupp Family Partnership, was represented by Steve Stupp. The transaction took place on June 30, 2021, with a sale price of $3,700,000. The asking price for the property was $3,600,000, resulting in a price per square foot of $123.

Summary of Transaction Details:

  • Property Type: Development Site
  • Transaction Amount: $3,700,000
  • Address: 9975 Sunset Drive
  • Market: Dadeland, South Florida
  • Buyer: Sunset Point ALF - Carlos Alonso
  • Seller: Stupp Family Partnership - Steve Stupp
  • Broker: Agustin Duarte - REMAX 360

Agustin Duarte from REMAX 360 played a crucial role in facilitating the sale of the development site at 9975 Sunset Drive in Dadeland, South Florida. Carlos Alonso, representing Sunset Point ALF, emerged as the buyer, while Steve Stupp, representing the Stupp Family Partnership, acted as the seller. The transaction was finalized on June 30, 2021, with a sale price of $3,700,000. This deal highlights the expertise of Agustin Duarte and underscores the demand for development sites in the Dadeland market.

Players

Agustin Duarte

Re/Max

Broker

$89.7M

vol

25 deals

Broker

Miami Beach Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Deal FAQ

About $34.9K per square foot on a published $3.7M for 106 square feet (2020).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.29%

Cash-on-Cash

-1.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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