Updated Jul 31, 2026
SOLDDevelopment Site
Dan Ainuz Acquires Development Site In Southwest Ranches For $1.8M
5500 Southwest 198th Terrace, Southwest Ranches, Florida 33332, United States
$1,800,000
$200/SF
Building Size
9,000 SF
Asset Type
Development Site
Closing
Oct 12, 2022
About this deal
AI
The development site located at 5500 SW 198th Terrace in Southwest Ranches has been sold for a total sale price of $1,800,000. The buyer of this property is Dan Ainuz, while the seller is Malvin Torrens. The transaction was facilitated by Realty Hub.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,800,000
- Address: 5500 SW 198th Terrace, Southwest Ranches
- Market: Southwest Ranches
- Buyer: Dan Ainuz
- Seller: Malvin Torrens
- Broker: Realty Hub
- BSF (Building Square Footage): 10,000
- PPBSF (Price Per Building Square Foot): $180
- SF (Lot Size Square Footage): 9,000
- PPSF (Price Per Square Foot): $200
- Acres: 2.5
- PPA (Price Per Acre): $720,000
Dan Ainuz from Realty Hub represented the buyer, while the seller, Malvin Torrens, was represented by their own representative. The development site offers significant potential for further development, with a spacious lot size of 9,000 square feet. The property has a building square footage of 10,000, providing ample space for future projects. The transaction price of $1,800,000 is reflective of the value and potential this development site holds.
Players
Southwest Ranches 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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93