Jason Brown Acquires Devsite In Southwest Ranches For $1M& At 13240 & 13260 Stirling Rd
13240 Stirling Rd, Southwest Ranches, FL 33330, USA
$1,000,025
$4/SF
Building Size
211,000 SF
Asset Type
Development Site
Closing
May 31, 2020
AI
The property asset involved in this transaction is a development site located at 13240 & 13260 Stirling Rd in Southwest Ranches. The transaction took place on 06/01/2020.
Summary of transaction details
- Property Type: Development site
- Transaction Amount: $1,000,025
- Square Footage: 211,000
- Price Per Square Foot: $4.74
The buyer of the property is Jason Brown. He was represented by Scott Lawrence Porter. The seller is 13240 / 13260 Stirling Road LLC, and Barbara Castro is the representative of the seller.
Players
Southwest Ranches 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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93