El Retiro Mobile Home Park Acquires Blue Belle Trailer Park In Miami Mobile Home Park Sale
3586 NW 41st St, Miami, FL, USA
$14,000,000
$69/SF
Building Size
200,376 SF
Asset Type
Other
Closing
Jun 4, 2020
About this deal
AI
A mobile home park located at 3586 NW 41 St in Miami has been sold in a recent transaction. The property, known as Blue Belle Trailer Park, was purchased by El Retiro Mobile Home Park. The deal was facilitated by Alex Suarez from Global Investments Realty, who represented the buyer, and Anthony Deyurre from Bilzin Sumberg, who served as counsel.
Summary of transaction details
- Property Type: Mobile Home Park
- Transaction Amount: $14,000,000
- Asking Price: $15,000,000
- Address: 3586 NW 41 St, Miami
- Market: Miami
- Acres: 9.27
- Price per Acre: $1,510,248
El Retiro Mobile Home Park acquired the 9.27-acre Blue Belle Trailer Park in Miami for a sale price of $14,000,000. The transaction was handled by Alex Suarez from Global Investments Realty on behalf of the buyer. Anthony Deyurre from Bilzin Sumberg provided legal counsel throughout the deal.
On the Map
$14,000,000
$69/SF
Other
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Hialeah Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Deal FAQ
About $69 per square foot on a published $14M for 200,376 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93