Philippe Harari Of AquaBlue Group Purchases Land In Miami Beach From 6300 NBR LLC For $17.5M
6300 North Bay Road
$17,500,000
Building Size
—
Asset Type
Land
Closing
Mar 20, 2025
About this deal
AI
The asset involved in this transaction is a land property located at 6300 North Bay Road in Miami Beach. It was sold for a total transaction amount of $17,500,000.00.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $17,500,000.00
- Address: 6300 North Bay Road
- Market: Miami Beach
- Buyer: Philippe Harari - AquaBlue Group
- Seller: 6300 NBR LLC
- Brokers: Michael (Mick) Duchon - The Corcoran Group, Eloy Carmenate - The Corcoran Group
This transaction saw Philippe Harari representing AquaBlue Group as the buyer, while 6300 NBR LLC acted as the seller. The brokerage was represented by Michael (Mick) Duchon and Eloy Carmenate, both from The Corcoran Group.
On the Map
$17,500,000
Land
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93