Bravo And Partners Three Lakes LLC Acquires 3.87 Acres Of Land In Miami-Dade For $3.73M
Miami Dade
$3,730,000
Building Size
—
Asset Type
Land
Closing
Jul 16, 2023
AI
An undeveloped land spanning 3.87 acres in Miami-Dade County has been sold for a total of $3.73 million. The property, previously intended to serve as the site for Resia's new headquarters office, has now changed hands, prompting the company to scrap its plans and continue operating from its current location. Despite the sale, Resia remains committed to its future growth.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $3,730,000
- Market: Miami-Dade
- Buyer: Bravo and Partners Three Lakes LLC - Armando Bravo
- Seller: Three Lakes LLC - Carlos E. Gonzalez
The sale of this vacant land signifies a change in plans for Resia, as they abandon the idea of a new headquarters office. However, the company continues to emphasize its commitment to future growth, despite the sale of the intended property.
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
4.25%
Cash-on-Cash
-1.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93