Updated Oct 29, 2024
75 Invest Acquires Development Site In Davie For $1.55M
4260 Davie Rd Davie, FL 33314, USA
$1,550,000
Units
50
Asset Type
Development Site
Closing
Mar 30, 2023
About this deal
AI
75 Invest, represented by Sacha Touret and Paul Naccache, has recently acquired a development site located at 4260 Davie Road in Davie. The property was sold by for a total price of $1,550,000. This land is strategically positioned in the heart of Davie and presents immense potential for future development.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,550,000
- Address: 4260 Davie Road
- Market: Davie
The buyer, 75 Invest, has expressed their plans to transform the acquired land into a 50-unit apartment project, complemented by 4,200 square feet of commercial spaces. This ambitious vision showcases their determination to revitalize the area and capitalize on the growing demand for housing and commercial options in Davie.
Players
Market Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93