Avi Stern And Miles Galvin Acquire Development Site In Greenacres For $3.624M
5163 Military Trail & 5217 Military Trail
$3,624,000
$11/SF
Building Size
310,146 SF
Asset Type
Development Site
Closing
Nov 16, 2025
AI
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.
Players
Lake Worth 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
4.38%
Cash-on-Cash
-1.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93