Updated Jun 5, 2025
Olson Land Partners Acquires Development Site In Lantana For $2.55M
1300 West Lantana Road
$2,550,000
Building Size
—
Asset Type
Development Site
Closing
Dec 9, 2022
About this deal
AI
The development site located at 1300 West Lantana Road in Lantana has been sold in a closed transaction. The property was sold by JP Morgan Chase to Olson Land Partners for a sale price of $2,550,000. This development site offers great potential for future development and is situated in a prime location.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $2,550,000
- Address: 1300 West Lantana Road
- Market: Lantana
This transaction was facilitated by the buyer's representative, Jonathan Rosen from Colliers, and the seller's representative, Dominic Delgado from Cushman & Wakefield. Their expertise and negotiation skills played a crucial role in the successful completion of this deal. The collaboration between the buyer and seller, along with the assistance of their respective representatives, ensured a smooth and efficient transaction process.
On the Map
$2,550,000
Development Site
View full map
Players
Lantana Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Browse Florida development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.22%
Cash-on-Cash
-1.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93