Inter Miami CF Lease Approved For Soccer Stadium At 1802 NW 37th Avenue In Miami
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This Other property located in FL was sold for $1,300,000,000 almost 2 years ago.
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- Location1802 NW 37th Ave, Miami, Florida 33142, United States
- Sale Price$1,300,000,000
- Asset TypeOther
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Deal Summary
LEASE - APPROVED!
IMAGE: David Beckham
DATE: 4/30/22
ADDRESS: 1802 NW 37th Avenue
MARKET: Miami, Florida
TYPE: Soccer Stadium ⚽
RENT PER YEAR: $4,300,000
TERM: 99 Years
LEASE AMOUNT: $1,300,000,000
TENANT: @InterMiamiCF
LANDLORD: Miami
ACRES: 130
STADIUM SEATS: 40,000
NOTE: The privately funded, $1.3 billion project will rise on Miami's public Melreese golf course.
After years of anticipation and a final seven-hour stretch of debate and negotiations, Miami City Commissioners on Thursday approved the terms of a deal that will see the city’s largest greenspace redeveloped into the Miami Freedom Park soccer stadium complex.
The no-bid agreement with billionaire Jorge Mas of MasTec and retired footballer David Beckham — the owners of Miami’s Major League Soccer team, Inter Miami CF — includes a 99-year lease starting at $4.3 million in annual rent. That’s a $300,000 increase to the rate agreed upon four years ago. Inter Miami’s owners still need commissioners to approve zoning changes before the project can move forward. A zoning vote is expected to take place before the end of the year.
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