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Royal Senior Care Acquires Development Site In Richmond Heights, Miami For $41.9M

Southwest 152nd Street
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This Development Site property located in FL received a loan of $41,900,000 almost 3 years ago.

A development site located on Southwest 152nd Street in Richmond Heights, Miami, has recently been involved in a closed property transaction. The property spans across 8.7 acres and features a total area of 217,123 square feet.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Date: 04/16/2021
  • Market: Richmond Heights, Miami
  • Lender: BHI & Coastal States Bank
  • Landlord: Royal Senior Care - Avi Bittan
  • Broker: Healthcare Group
  • Loan Amount: $41,900,000
  • Acres: 8.7
  • Square Feet: 217,123

The property transaction involved Avi Bittan from Royal Senior Care as the landlord. The loan for the transaction amounting to $41,900,000 was provided by BHI & Coastal States Bank. The Healthcare Group acted as the broker for this deal.

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Deals
  • Location
    Southwest 152nd Street, Richmond Heights, Miami-Dade, FL, USASouthwest 152nd Street, Richmond Heights, Miami-Dade, FL, USA
  • Loan Value
    $41,900,000$41,900,000
  • Asset Type
    Development SiteDevelopment Site

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Deal Summary

LOAN IMAGE: Avi Bittan DATE: 04/16/2021 ADDRESS: Southwest 152nd Street MARKET: Richmond Heights, Miami ASSET TYPE: Development Site LENDER: BHI & Coastal States Bank LANDLORD: Royal Senior Care - Avi Bittan BROKER: Healthcare Group LOAN AMOUNT: $41,900,000 ACRES: 8.7 SF: 217,123

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