Indian River County Purchases Land From Susan B. Hale In Sebastian For $2.54M
SOLD
Florida
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Sold
SOLD
Indian River County Purchases Land From Susan B. Hale In Sebastian For $2.54M
9220 Us Route 1
See Similar DealsDevelopment Site
Sold
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.
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Deal Type
30 years
10 years
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
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