SOLDDevelopment Site
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
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.
Players
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
3.41%
Cash-on-Cash
-0.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93