Updated Sep 11, 2026
Regal Travel Group Acquires Development Site In Miami For $12.5M
2215 NW 14th St,Miami, FL
$12,500,000
Building Size
—
Asset Type
Development Site
Closing
Nov 23, 2022
About this deal
AI
A development site located at 2215 NW 14th St in Miami, FL has been sold in a closed transaction. The property is a development site, with a sale price of $12,500,000. It has a building square footage (BSF) of 191,664 and a price per building square footage (PPBSF) of $65.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $12,500,000
The buyer of the property is Regal Travel Group (RealTravelGroup.Com), represented by Sam Gross and Izzy Bard. They were assisted in the transaction by their buyer's representative Sasha Berg from GFI Realty. The seller of the property was represented by Kaan Kaleli from Brickell Realty & Management Corp.
On the Map
$12,500,000
Development Site
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Players
Corvallis Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93