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3333 Biscayne Boulevard, Mi...

Beitel Group Acquires 2.8 Acres Of Land In Miami For $45M With RE/MAX 360 Coral Gables' Keiti Silva's Representation
SOLDLand

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

Keiti Silva

Cervera Real Estate

Broker

$158.4M

vol

9 deals

Broker
Beitel Group
Beitel GroupBuyer

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