facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Development Site

/

Sale

/

275 Rockhill Court

Irvin Pena Purchases Development Site From Candice Seward In Marco Island For $1.325M
SOLDDevelopment Site

Irvin Pena Purchases Development Site From Candice Seward In Marco Island For $1.325M

275 Rockhill Court

$1,325,000

$121/SF

Building Size

10,890 SF

Asset Type

Development Site

Closing

Oct 15, 2024

AI

The property involved in this transaction is a development site located at 275 Rockhill Court in Marco Island. The sale price for this asset was $1,325,000, spanning a total area of 10,890 square feet, resulting in a price per square foot of $121.

Summary of transaction details:

Michael and Mario Fernandez successfully facilitated this transaction, highlighting their expertise in connecting buyers and sellers in the competitive Marco Island market. The brokers utilized their extensive network to identify the buyer, Irvin Pena, for this waterfront development site.

Players

Michael Fernandez

Florida Realty of Miami

Broker

$28.6M

vol

7 deals

Broker

Marco Island Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

11.97%

Cash-on-Cash

-3.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93