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
Sebastian 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
6.25%
Cash-on-Cash
-1.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93