Max La Cava Pier Barinci Abbie Kushner Of JLL Represents Sale Of Development Site In Lady Lake For $15.18M
1252 Vanderway Lane
$15,180,000
$15/SF
Building Size
958,320 SF
Asset Type
Development Site
Closing
Mar 7, 2025
AI
The property asset involved in this transaction is a development site located at 1252 Vanderway Lane in Lady Lake. The sale price for the asset was $15,180,000, with a total of 132 units. The development site spans 35 acres, offering a significant area for potential development. It has a total square footage of 958,320, resulting in a price per unit of $115,000 and a price per square foot of $15.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $15,180,000
- Address: 1252 Vanderway Lane
- Market: Lady Lake
- Acreage: 35
- Units: 132
- Price per Unit: $115,000
- Square Footage: 958,320
- Price per Square Foot: $15
The key individuals involved in this transaction were Max La Cava, Pier Barinci, and Abbie Kushner, who represented the deal through JLL. Their involvement highlights the collaboration among these brokers in facilitating the sale of the development site.
Players
Lady Lake 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
1.04%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93