Taohh Group Purchases Development Site In Coral Gables From Sam Jayzari For $5.91M
SOLD
$5,915,000
Florida
See Similar DealsDevelopment Site9,000 SF
Sold 11/05/2025
SOLD
Taohh Group Purchases Development Site In Coral Gables From Sam Jayzari For $5.91M
10945 Lakeside Drive
See Similar DealsDevelopment Site9,000 SF
Sold 11/05/2025
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$657
Total Square Footage:9,000 SF
Transaction Type:Sale
The property involved in this transaction is a development site located at 10945 Lakeside Drive in the Coral Gables market. The sale was finalized for a price of $5,915,000. The asset encompasses an area of 1.1 acres.
Summary of transaction details:
- Property Type: Development Site/Land
- Transaction Amount: $5,915,000
- Address: 10945 Lakeside Drive
- Market: Coral Gables
- Acres: 1.1
- Buyer: Taohh Group
- Seller: Sam Jayzari
- Buyer's Representative: Joseph Azar - The Azar Team - Douglas Elliman
- Seller's Representative: Hannah Jayzari - Jayzari Realty
This transaction involved key individuals including the buyer, Taohh Group, and the seller, Sam Jayzari. Joseph Azar represented the buyer through The Azar Team at Douglas Elliman, while Hannah Jayzari acted as the seller's representative from Jayzari Realty.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$315,466.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,014.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,040.12
Annual Debt Service$336,481.41
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