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Indian River County Purchases Land From Susan B. Hale In Sebastian For $2.54M

Property Image
SOLD
$2,540,000
Gerard Yetming
Brooke Mosier
+ 2

Florida

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Property Image
SOLD

Indian River County Purchases Land From Susan B. Hale In Sebastian For $2.54M

9220 Us Route 1

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Development Site
Sold
Gerard Yetming
Brooke Mosier
+ 2
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Summary

FLORIDA
Asset Type:Development Site
Transaction Type:Sale

The transaction involves a land asset located at 9220 US Route 1 in Sebastian. The total sale price for this property was $2,540,000, encompassing an area of 21.89 acres.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: $2,540,000
  • Address: 9220 US Route 1
  • Market: Sebastian
  • Acres: 21.89
  • Buyer: Indian River County
  • Seller: Susan B. Hale - Hale 580 US 1
  • Broker Representatives: Brooke Mosier, Julian Zuniga, Damian Johnson & Gerard Yetming - Colliers

In this transaction, Indian River County acquired the property from Susan B. Hale, represented by Hale 580 US 1. The brokers involved, representing the seller, were Brooke Mosier, Julian Zuniga, Damian Johnson, and Gerard Yetming from Colliers.

Players

Julian Zuniga
16 deals$102M volume(786) 547-0153
BROKER

Gerard Yetming
Colliers
17 deals$125.5M volume(305) 342-5059
BROKER

Brooke Mosier
Colliers
8 deals$23.3M volume(954) 652-4633
BROKER

Damian Johnson
Colliers
6 deals$16.7M volume(305) 858-6239
BROKER

Details

SOLD
IMAGE: Brooke Mosier, Julian Zuniga, Damian Johnson & Gerard Yetming DATE: 02/26/2026 ADDRESS: 9220 US Route 1 MARKET: Sebastian ASSET TYPE: Land BUYER: Indian River County SELLER: Susan B. Hale - Hale 580 US 1 BROKERS: Brooke Mosier (@Brookebfsu), Julian Zuniga (@Zuniga346), Damian Johnson (@Damian.johnson32) & Gerard Yetming (@GerardYetming) - Colliers (@ColliersInternational) SALE PRICE: $2,540,000 ACRES: 21.89

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$135,466.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,024.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,040.90
Annual Debt Service$144,490.75