Oliver Lloyd Acquires Development Site In Miami Beach For $9.5 Million With Evan Weiss As Buyer's Rep
SOLD
$9,500,000
Florida
See Similar DealsDevelopment Site
Sold 08/15/2024
SOLD
Oliver Lloyd Acquires Development Site In Miami Beach For $9.5 Million With Evan Weiss As Buyer's Rep
6625 Brevity Lane
See Similar DealsDevelopment Site
Sold 08/15/2024
Summary
FLORIDA
Asset Type:Development Site
Transaction Type:Sale
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
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$506,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$33,751.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,034.85
Annual Debt Service$540,418.16
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