Avi Stern And Miles Galvin Acquire Development Site In Greenacres For $3.624M
SOLD
$3,624,000
Florida
See Similar DealsDevelopment Site310,146 SF
Sold 11/17/2025
SOLD
Avi Stern And Miles Galvin Acquire Development Site In Greenacres For $3.624M
5163 Military Trail & 5217 Military Trail
See Similar DealsDevelopment Site310,146 SF
Sold 11/17/2025
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$11
Total Square Footage:310,146 SF
Transaction Type:Sale
A development site located at 5163 & 5217 Military Trail in Greenacres, Florida, has been sold for $3,624,000. The property encompasses 175,546 square feet, translating to a price per square foot of $20. The transaction involves a total of 7.13 acres intended for a 73-unit townhome development.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $3,624,000
- Address: 5163 & 5217 Military Trail
- Market: Greenacres
- Square Footage: 175,546
- Price per Square Foot: $20
- Buyer: Avi Stern & Miles Galvin - Mia Real Holdings; Craig Dell - 21 CPG Development
The acquisition was made by Avi Stern and Miles Galvin of Mia Real Holdings along with Craig Dell of 21 CPG Development. This deal highlights their involvement in the planned 73-unit townhome development project in the area.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$193,279.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,875.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,179.61
Annual Debt Service$206,155.31
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