Sabal Development Acquires Land In Miami For $4.6M With Buyers Rep Mathieu Rochette & Sellers Rep Pascal Nicolai
4040 Kiaora Street, Miami, Florida 33133, United States
$4,600,000
$824/SF
Building Size
5,582 SF
Asset Type
Other
Closing
Feb 16, 2022
About this deal
AI
A land asset located at 4040 Kiaora St in Miami has recently been sold in a closed transaction. The property, with a total square footage of 36,000, was sold by Vidal A. Cadena & Annick Durango. The buyer, Sabal Development represented by Pascal Nicolai, acquired the land for a sales price of $4,600,000.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $4,600,000
- Address: 4040 Kiaora St
- Market: Miami
- Seller: Vidal A. Cadena & Annick Durango
- Seller's Representative: Mathieu Rochette - Compass
- Buyer: Sabal Development - Pascal Nicolai
- Buyer's Representative: Mathieu Rochette - Compass
- Building Square Footage (BSF): 36,000
- Price per Building Square Foot (PPBSF): $128
The sale of this land asset was facilitated by Mathieu Rochette from Compass, who represented both the seller and the buyer in the transaction. This successful deal demonstrates the growth and activity in the Miami real estate market.
On the Map
$4,600,000
$824/SF
Other
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Players
Miami Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93