Daniella Levine Cava Of Miami-Dade County Purchases 7.4-Acre Land Near Miami International Airport For $54M
2301 Northwest 33rd Avenue
$54,000,000
Building Size
—
Asset Type
Land
Closing
Jun 10, 2025
About this deal
AI
A 7.4-acre land parcel located at 2301 Northwest 33rd Avenue in the Miami market was sold for $54,000,000. The transaction involved the sale of a site near Miami International Airport, which was previously acquired by the seller for $32.19 million in 2022 without any development on it. This land acquisition is intended to support Miami International Airport's $9 billion expansion plan, aligning with the county's ongoing strategy for airport growth.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $54,000,000
- Buyer: Daniella Levine Cava - Miami-Dade County
- Seller: Lissette Calderon - Neology Life Development Group
- Parcel Size: 7.4 acres
- Address: 2301 Northwest 33rd Avenue
- Market: Miami
Neology Life Development Group facilitated the transaction, indicating a strategic realignment of their assets following the acquisition. The deal emphasizes the important role of land use in supporting key infrastructure developments by local government entities.
On the Map
$54,000,000
Land
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93