Updated Dec 4, 2024
Emilena Henriquez Acquires Development Site In Davie For $2.5M
2568 Southwest 127th Avenue
$2,500,000
Building Size
—
Asset Type
Development Site
Closing
May 30, 2024
About this deal
AI
The development site located at 2568 SW 127 Ave in Davie, Broward County, was recently sold for $2,500,000. The property spans 20,800 square feet, resulting in a price per square foot of $120. The buyer, Emilena Henriquez, finalized the transaction through her representative Maria Isabel Guevara from Coldwell Banker Realty.
Summary of transation details:
- Property Type: Development Site
- Transaction Amount: $2,500,000
- Address: 2568 SW 127 Ave
- Market: Davie, Broward County
- BSF: 20,800
- Price Per Square Foot: $120
Maria Isabel Guevara from Coldwell Banker Realty represented Emilena Henriquez in acquiring this premier land in Davie, which is set to be the future site of a luxury development. The deal underscores the strategic vision and investment acumen of the parties involved in this significant transaction.
On the Map
$2,500,000
Development Site
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Fort Lauderdale Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93