Updated Dec 3, 2024
Amazon Acquires Development Site In Sunrise For $84.5M
Hiatus Rd & Northwest 44th Street, Sunrise, FL, USA
$84,500,000
$14/SF
Building Size
5,793,480 SF
Asset Type
Development Site
Closing
Aug 30, 2021
About this deal
AI
An $84.5 million development site located at Hiatus Rd & NW 44th St in Sunrise has been sold. The property spans 133 acres, with a price per acre of $635,338. The transaction took place on August 30, 2021.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $84,500,000
- Address: Hiatus Rd & NW 44th St, Sunrise
- Market: Sunrise
- Buyer: Amazon
- Seller: Section 18 - Curtis Deem; Martha Cotton Deem Hook; Walter Deem Jr.
Andy Jassy, the CEO of Amazon, was personally involved in the purchase. Jeff Bezos was also present in the transaction process.
Sunrise 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
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93