facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Land

/

Sale

/

Miami-Dade

Updated Oct 29, 2024

West Kendall Fat Deer Key LLC Acquires 148.3-Acre Farmland In Miami-Dade County For $16.1M
SOLDLand

West Kendall Fat Deer Key LLC Acquires 148.3-Acre Farmland In Miami-Dade County For $16.1M

Miami-Dade

$16,100,000

Building Size

Asset Type

Land

Closing

Jun 13, 2023

About this deal

AI

A 148.3-acre farmland located at the northeast corner of Krome Avenue and Southwest 136th Street/Howard Drive in Miami-Dade County has been sold for $16.1 million. The property, situated outside the Urban Development Boundary, was purchased by West Kendall Fat Deer Key LLC. The land holds limited potential for significant development but has seen an increase in value over time due to nearby redevelopment, its proximity to a solar power field, and the Kendall-Tamiami Executive Airport.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: $16,100,000
  • Market: Miami-Dade
  • Acres: 148.3

The buyer, West Kendall Fat Deer Key LLC, represented by Brian McBride, acquired the property from the seller, Fat Deer Key LLC, represented by Mary Ann Bell.

Players

Miami Land Market Snapshot

Boundary boundary · Land · Sale transactions

Loading comparables…

Deal FAQ

Browse Florida land sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.99%

Cash-on-Cash

-0.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets