Updated Oct 29, 2024
AdventHealth Acquires 4-Acre Development Site In Riverview For $3.25M
Riverview
$3,250,000
Building Size
—
Asset Type
Development Site
Closing
Jun 13, 2023
About this deal
AI
AdventHealth's West Florida division has purchased a 4-acre development site in Riverview for $3.25 million. The vacant land acquisition aligns with AdventHealth's long-term growth strategy in the area, indicating their anticipation of continued demand for healthcare services in southern Hillsborough County.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $3,250,000
- Market: Riverview
- Asset Type: 4 acres
The buyer, AdventHealth, was represented by Jeff Villanueva. The seller of the property was Salebra Investment Properties LLC.
The development site sale at Riverview in Riverview, Florida sold for $3.3M in 2023. Riverview is classified as Development Site on Traded. This page is the Riverview, Florida file for the Riverview development site sold: pricing, party profiles, and other closed development site comps from the same Riverview sit in the Market section below. Filter that Riverview development site set by closing date to see what else sold near Riverview around 2023. Published consideration for Riverview is $3.3M, dated 2023. Cite this AdventHealth Acquires 4-Acre Development Site In Riverview For $3.25M sale when underwriting similar development site product around Riverview, Florida.
On the Map
$3,250,000
Development Site
View full map
Players
Riverview Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.88%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93