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9220 Us Route 1

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

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

9220 Us Route 1

$2,540,000

Building Size

Asset Type

Development Site

Closing

Feb 25, 2026

AI

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

Colliers

Broker

$102M

vol

16 deals

Broker

Indian River County

Buyer

$10M

vol

3 deals

Buyer

Sebastian Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.25%

Cash-on-Cash

-1.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93