Updated Dec 4, 2024
Alex Ruiz And Marty Caparros, Jr Purchase Development Site From Sasha Touret For $2.3M
4260 Davie Road
$2,300,000
Building Size
—
Asset Type
Development Site
Closing
Sep 5, 2024
About this deal
AI
The property asset involved in the transaction is a development site located at 4260 Davie Road in Davie. The sale was finalized for a total price of $2,300,000, with a building square footage of 40,020. The price per building square foot stands at $57.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $2,300,000
- Address: 4260 Davie Road
- Market: Davie
- BSF: 40,020
- PPBSF: $57
- Buyer: Alex Ruiz & Marty Caparros, Jr
- Seller: Sasha Touret
- Broker Representatives: Joseph Thomas & Aaron O'Connor - Marcus & Millichap
The transaction features Alex Ruiz and Marty Caparros, Jr as the buyers, while Sasha Touret serves as the seller. Joseph Thomas and Aaron O'Connor from Marcus & Millichap represented the interests of the buyer during the deal.
On the Map
$2,300,000
Development Site
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Players
Fort Lauderdale 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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93