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2215 NW 14th St,Miami, FL

Regal Travel Group Acquires Development Site In Miami For $12.5M
SOLDDevelopment Site

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

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

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.

Players

Sasha Berg

GFI Realty Services

Broker

$69.3M

vol

11 deals

Broker

Corvallis Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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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