Regal Travel Group Acquires Development Site In Miami For $12.5M
SOLD
$12,500,000
Oregon
See Similar DealsDevelopment Site
Sold 11/23/2022
SOLD
Regal Travel Group Acquires Development Site In Miami For $12.5M
2215 NW 14th St,Miami, FL
See Similar DealsDevelopment Site
Sold 11/23/2022
Summary
OREGON
Asset Type:Development Site
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$666,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$44,409.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$59,256.38
Annual Debt Service$711,076.53
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