Oliver Lloyd Acquires Development Site In Miami Beach For $9.5 Million With Evan Weiss As Buyer's Rep
6625 Brevity Lane
$9,500,000
Building Size
—
Asset Type
Development Site
Closing
Aug 15, 2024
AI
The property asset involved in the transaction is a development site located at 6625 Brevity Lane in Miami Beach. The sale price for the asset is $9,500,000, with a lot size of 26,250 square feet, which translates to a price per square foot of $362.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $9,500,000
- Address: 6625 Brevity Lane
- Market: Miami Beach
- Lot Size: 26,250 SF
- Price per Square Foot: $362
- Buyer: Oliver Lloyd
- Buyer's Representative: Evan Weiss - 305 Degrees Realty
- Seller's Representative: Taryn Pisaneschi
The transaction features key individuals representing both sides, with Evan Weiss acting as the representative for the buyer, Oliver Lloyd, while Taryn Pisaneschi represents the seller in this deal.
Players
Miami Beach 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
1.67%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93