Woodfield Development & ELV Associates Acquires Development Site In Estero For $32M
23281 Lyden Drive
$32,000,000
Building Size
—
Asset Type
Development Site
Closing
Aug 29, 2022
AI
Woodfield Development & ELV Associates, represented by Ross Abramson, has acquired a development site in Estero for a total of $32,000,000. The property, located at 23281 Lyden Drive, spans across 45.6 acres. The sale price translates to approximately $701,754 per acre.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $32,000,000
- Address: 23281 Lyden Drive, Estero
- Market: Estero
- Buyer: Ross Abramson - Woodfield Development & ELV Associates
- Seller: Lee Memorial Health System
- Brokers: Gary Tasman & Shawn Stoneburner - Cushman & Wakefield Commercial Property Southwest Florida
- Acres: 45.6
- Price Per Acre: $701,754
The transaction was facilitated by Gary Tasman and Shawn Stoneburner from Cushman & Wakefield Commercial Property Southwest Florida. They represented the buyer and seller in the deal, respectively.
Players
Estero 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
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93