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4260 Davie Road

Alex Ruiz And Marty Caparros, Jr Purchase Development Site From Sasha Touret For $2.3M
SOLDDevelopment Site

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

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.

Players

Joseph Thomas

Marcus & Millichap

Broker

$372.9M

vol

53 deals

Broker

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