Dan Ainuz Acquires Development Site In Southwest Ranches For $1.8M

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.