Whitfield Hamilton Of Hamilton Development Purchases 6.6 Acres From Baptist Health South Florida For $12.29M
14100 Southwest 136th Street
$12,290,000
Building Size
—
Asset Type
Land
Closing
Aug 22, 2025
AI
The transaction involved 6.6 acres of land located at 14100 Southwest 136th Street in the Miami market. The property was sold for $12,290,000. Hamilton Development plans to develop the site into Tamiami Logistics Center, which will comprise a 113,900-square-foot industrial project set to deliver in spring 2026. The seller, Baptist Health South Florida, retained an 11,000-square-foot emergency facility and established restrictions barring health care uses on the new development.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $12,290,000
- Acres: 6.6
- Buyer: Whitfield Hamilton - Hamilton Development
- Seller: Bo Boulenger - Baptist Health South Florida
- Brokers: Manny de Zarraga, Cody Brais & Luis Castillo - JLL
In this transaction, Whitfield Hamilton of Hamilton Development acquired the land from Bo Boulenger, representing Baptist Health South Florida. The brokers from JLL played a significant role in facilitating the deal, ensuring that the buyer secured the property without the ability to pursue health care uses due to restrictions imposed by the seller.
Players
Miami Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.29%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93