Beitel Group Acquires 2.8 Acres Of Land In Miami For $45M With RE/MAX 360 Coral Gables' Keiti Silva's Representation
3333 Biscayne Boulevard, Miami, Florida 33137, United States
$45,000,000
$13,665/SF
Building Size
3,293 SF
Asset Type
Land
Closing
Apr 4, 2022
AI
The property involved in the transaction is a land located at 3333 Biscayne Boulevard in Miami. The land spans approximately 2.8 acres. The transaction took place on 04/04/2022.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $45,000,000
- Market: Miami
- Seller: Miami Sunrise Properties LLC - Jose Afonso Assumpção
- Buyer: Beitel Group
- Broker: Keiti Silva - RE/MAX 360 Coral Gables
The buyer in this transaction is the Beitel Group, while the seller is Miami Sunrise Properties LLC, represented by Jose Afonso Assumpção. Keiti Silva from RE/MAX 360 Coral Gables served as the broker for the deal.
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
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93