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

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SOLD
$3,600,000
Michael B Williams
Alejandro Snyder
+ 2

Florida

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

3100 Jog Road, Greenacres, Florida 33467, United States

See Similar Deals
Development Site
Sold
Michael B Williams
Alejandro Snyder
+ 2
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Summary

FLORIDA
Asset Type:Development Site
Transaction Type:Sale

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
16 deals$85M volume(305) 783-8890
BROKER

Michael B Williams
Current Real Estate Advisors
14 deals$57M volume
BROKER

Alec Kirschner
Vestian
5 deals$3.6M volume(631) 513-9948
BROKER


2 deals$7.2M volume
SELLER

Details

SOLD
IMAGE: Alejandro Snyder, Michael B. Williams & Alec Kirschner DATE: 06/17/2022 ADDRESS: 3100 Jog Rd MARKET: Greenacres ASSET TYPE: Development Site ~ ACRES: 4.67 BUYER: Masha Lodnia - Lodnia Group SELLER: Norman Carnell - B'LO Corporation BROKERS: Alejandro Snyder (@AlejandroSnyder1), Michael B. Williams (@Michael.b.WilliamsCRE) & Alec Kirschner (@Akirsch21) - Current Real Estate (@CurrentRealEstate) SALE PRICE: $3,600,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$192,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
Annual Debt Service$204,790.04