Updated Oct 29, 2024
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
About this deal
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.
The development site sale at 13240 Stirling Rd, Southwest Ranches, FL 33330, USA in Southwest Ranches, Florida sold for $1M in 2020. The building is 211,000 square feet, implying about 4 per square foot on the published price. Alejandra Rodriguez Villa, Scott Porter, Serhant appear on the sale alongside Serhant. This page is the Southwest Ranches, Florida file for the 13240 Stirling Rd, Southwest Ranches, FL 33330, USA development site sold: pricing, party profiles, and other closed development site comps from the same Southwest Ranches sit in the Market section below. Filter that Southwest Ranches development site set by closing date to see what else sold near 13240 Stirling Rd, Southwest Ranches, FL 33330, USA around 2020. Published consideration for 13240 Stirling Rd, Southwest Ranches, FL 33330, USA is $1M, dated 2020. Cite this Jason Brown Acquires Devsite In Southwest Ranches For $1M& At 13240 & 13260 Stirling Rd sale when underwriting similar development site product around Southwest Ranches, Florida.
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