1500 NW 215TH St Miami Gardens FL LLC Acquires Land From Marshall A. Loeb For $14.25M
1500 Northwest 215th Street
$14,250,000
Building Size
—
Asset Type
Land
Closing
Jul 7, 2026
AI
A land asset located at 1500 Northwest 215th Street in Miami Gardens has been sold. The sale was executed for a total price of $14,250,000. The transaction reflects the buyer's investment in the Miami Gardens market.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $14,250,000
- Buyer: 1500 NW 215TH St Miami Gardens FL LLC
- Seller: Marshall A. Loeb - EastGroup Properties
- Transaction Date: July 7, 2026
Marshall A. Loeb represented EastGroup Properties in this transaction, facilitating the sale of the land asset to 1500 NW 215TH St Miami Gardens FL LLC, marking a significant deal within the local market.
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
1.11%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93