Alex Rodriguez's A-Rod Corp Acquires 1 Acre Land In Miami Beach For $18.5M
Miami Beach, Miami, Florida 33131, United States
$18,500,000
$462,500/SF
Building Size
40 SF
Asset Type
Single Family Residence
Closing
May 10, 2022
AI
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.
Players
Miami Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93