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1252 Vanderway Lane

Max La Cava Pier Barinci Abbie Kushner Of JLL Represents Sale Of Development Site In Lady Lake For $15.18M
SOLDDevelopment Site

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

Max La Cava

JLL

Broker

$1.5B

vol

45 deals

Broker

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