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5163 Military Trail

Avi Stern And Miles Galvin Acquire Development Site In Greenacres For $3.624M
SOLDDevelopment Site

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

Avi Stern

Buyer

$36.6M

vol

6 deals

Buyer

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