Updated Oct 28, 2024
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
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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