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3100 Jog Road, Greenacres, ...

Masha Lodnia's Lodnia Group Acquires 4.67 Acre Development Site In Greenacres For $3.6M
SOLDDevelopment Site

Masha Lodnia's Lodnia Group Acquires 4.67 Acre Development Site In Greenacres For $3.6M

3100 Jog Road, Greenacres, Florida 33467, United States

$3,600,000

Building Size

Asset Type

Development Site

Closing

Jun 16, 2022

AI

The development site located at 3100 Jog Rd in Greenacres has been sold for $3,600,000. Spanning across 4.67 acres, this property presented a valuable opportunity in the market.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $3,600,000
  • Address: 3100 Jog Rd
  • Market: Greenacres
  • Asset Type: Development Site
  • Acres: 4.67

The buyer, Masha Lodnia from Lodnia Group, recognized the potential of this development site and made the purchase. On the seller's side, Norman Carnell of B'LO Corporation facilitated the transaction. The deal was brokered by Alejandro Snyder, Michael B. Williams, and Alec Kirschner of Current Real Estate.

Players

Alejandro Snyder

Current Real Estate Advisors

Broker

$85M

vol

16 deals

Broker

Masha Lodnia

Lodnia Group

Buyer

$7.2M

vol

2 deals

Buyer

Norman Carnell

B'LO Corporation

Seller

$7.2M

vol

2 deals

Seller

Greenacres 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

4.41%

Cash-on-Cash

-1.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93