Jonathan Postma Of Coldwell Banker Represents Buyer In $14.85M Development Site Sale In Hillsboro Beach
971 Hillsboro Mile
$14,850,000
$1,988/SF
Building Size
7,468 SF
Asset Type
Development Site
Closing
Mar 13, 2025
AI
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.
Hillsboro Beach 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
1.07%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93