Alex Rodriguez's A-Rod Corp Acquires 1 Acre Land In Miami Beach For $18.5M
SOLD
Florida
See Similar DealsSingle Family Residence40 SF
Sold 05/10/2022
SOLD
Alex Rodriguez's A-Rod Corp Acquires 1 Acre Land In Miami Beach For $18.5M
Miami Beach, Miami, Florida 33131, United States
See Similar DealsSingle Family Residence40 SF
Sold 05/10/2022
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$462,500
Total Square Footage:40 SF
Transaction Type:Sale
Alex Rodriguez of A-Rod Corp has purchased a 1 acre land property in Miami Beach from Ken Griffin of Citadel for a total sale price of $18,500,000. The property is characterized as land with a building size of 40,000 square feet. The price per square foot stands at $463.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $18,500,000
- Market: Miami Beach
- Building Size: 40,000 square feet
- Price per Square Foot: $463
This purchase was facilitated by Alex Rodriguez's company, A-Rod Corp, as the buyer, and Ken Griffin's company, Citadel, as the seller. The transaction took place on 10/05/2022.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$986,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$65,726.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$87,699.44
Annual Debt Service$1,052,393.26
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