Updated Mar 27, 2025
James Dicks Of Dix Developments Acquires Development Site In Groveland For $4.875M
$4,875,000
Building Size
—
Asset Type
Development Site
Closing
Mar 26, 2025
About this deal
AI
The property involved in the transaction is a development site located at 1100 Leesburg Highway in Groveland. The sale price for this asset was $4,875,000.00.
Summary of transation details:
- Property Type: Development Site
- Transaction Amount: $4,875,000.00
- Address: 1100 Leesburg Highway
- Market: Groveland
- Buyer: James Dicks - Dix Developments
- Broker: April Stevenson - Sellstate Innovation Realty
April Stevenson from Sellstate Innovation Realty represented the seller in this transaction. The deal took place on March 26, 2025, highlighting the involvement of key individual James Dicks from Dix Developments as the buyer.
Market 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
3.25%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93