Updated Dec 16, 2024
Daniel Azel Sells Development Site At 3793 Grand Avenue Miami For $4.65M With Franz De Beche As Seller's Rep
3793 Grand Avenue
$4,650,000
Building Size
—
Asset Type
Development Site
Closing
Dec 10, 2024
About this deal
AI
The asset involved in this transaction is a development site located at 3793 Grand Avenue, Miami. The sale price for the property was $4,650,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $4,650,000
- Seller: Daniel Azel
- Buyer's Representative: Lee Koniver & Cristian Gazzolo - Odyssey Retail Advisors
- Seller's Representative: Franz De Beche
The transaction was facilitated by Lee Koniver and Cristian Gazzolo, who represented the buyer, while Franz De Beche represented the seller in this deal.
The development site sale at 3793 Grand Avenue in Miami, Florida sold for $4.7M in 2024. 3793 Grand Avenue is classified as Development Site on Traded. Lee Koniver, Franz De Beche, Cristian Gazzolo, Odyssey Retail Advisors appear on the sale alongside Odyssey Retail Advisors. This page is the Miami, Florida file for the 3793 Grand Avenue development site sold: pricing, party profiles, and other closed development site comps from the same Miami sit in the Market section below. Filter that Miami development site set by closing date to see what else sold near 3793 Grand Avenue around 2024. Published consideration for 3793 Grand Avenue is $4.7M, dated 2024. Cite this Daniel Azel Sells Development Site At 3793 Grand Avenue Miami For $4.65M With Franz De Beche As Seller's Rep sale when underwriting similar development site product around Miami, Florida.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.41%
Cash-on-Cash
-0.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93