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13505 West Dixie Highway

Moshe Pourad Acquires Development Site On West Dixie Highway For $1.3M With Broker Yishai Sinai
SOLDDevelopment Site

Moshe Pourad Acquires Development Site On West Dixie Highway For $1.3M With Broker Yishai Sinai

13505 West Dixie Highway

$1,300,000

$58/SF

Building Size

22,161 SF

Asset Type

Development Site

Closing

Oct 2, 2024

AI

The development site located at 13505 West Dixie Highway in North Miami has been sold for a transaction amount of $1,300,000. The property spans an area of 22,161 square feet, resulting in a price per square foot of $58.

Summary of transation details:

  • Property Type: Development Site
  • Transaction Amount: $1,300,000
  • Address: 13505 West Dixie Highway
  • Market: North Miami
  • Buyer: Moshe Pourad
  • Seller: Dixie North
  • Broker: Yishai Sinai - Biscayne Advisors

The transaction involved Moshe Pourad as the buyer and Dixie North as the seller. Yishai Sinai represented the buyer in this deal through Biscayne Advisors, highlighting the broker's role in facilitating this real estate transaction.

Players

Yishai Sinai

Biscayne Advisors

Broker

$93.5M

vol

16 deals

Broker

North Miami 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

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93