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.
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