Daniel Azel Sells Development Site At 3793 Grand Avenue Miami For $4.65M With Franz De Beche As Seller's Rep
SOLD
$4,650,000
Florida
See Similar DealsDevelopment Site
Sold 12/10/2024
SOLD
Daniel Azel Sells Development Site At 3793 Grand Avenue Miami For $4.65M With Franz De Beche As Seller's Rep
3793 Grand Avenue
See Similar DealsDevelopment Site
Sold 12/10/2024
Summary
FLORIDA
Asset Type:Development Site
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$247,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,520.47
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,043.37
Annual Debt Service$264,520.47
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