Jonathan Postma Of Coldwell Banker Represents Buyer In $14.85M Development Site Sale In Hillsboro Beach
SOLD
$14,850,000
Florida
See Similar DealsDevelopment Site7,468 SF
Sold 03/14/2025
SOLD
Jonathan Postma Of Coldwell Banker Represents Buyer In $14.85M Development Site Sale In Hillsboro Beach
971 Hillsboro Mile
See Similar DealsDevelopment Site7,468 SF
Sold 03/14/2025
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$1,988
Total Square Footage:7,468 SF
Transaction Type:Sale
The property asset involved in the transaction is a development site located at 971 Hillsboro Mile in Hillsboro Beach. The sale price for the property was $14,850,000. The asset covers a total square footage of 7,468, translating to a price per square foot of $1,988.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $14,850,000
- Address: 971 Hillsboro Mile
- Market: Hillsboro Beach
- Square Footage: 7,468
- Price Per Square Foot: $1,988
- Buyer's Representative: Jonathan Postma - Coldwell Banker
Jonathan Postma from Coldwell Banker represented the buyer in this transaction, facilitating the sale of the development site. His role was pivotal in navigating the details of this property deal in the Hillsboro Beach market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$792,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$52,758.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$70,396.58
Annual Debt Service$844,758.91
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