Indian River County Purchases 12.78 Acres Of Land From RJS Properties For $1.26M
SOLD
$1,260,000
+ 1
Florida
See Similar DealsDevelopment Site
Sold
SOLD
Indian River County Purchases 12.78 Acres Of Land From RJS Properties For $1.26M
9455 53 Avenue
See Similar DealsDevelopment Site
Sold
+ 1
Summary
FLORIDA
Asset Type:Development Site
Transaction Type:Sale
The property asset involved in the transaction is a land parcel located at 9455 53rd Avenue in Sebastian. The sale was completed for a total of $1,260,000 and encompasses an area of 12.78 acres.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,260,000
- Buyer: Indian River County
- Seller: Bob Sweeney & Dave Chandler - RJS Properties
- Brokers: Brooke Mosier, Julian Zuniga, Damian Johnson & Gerard Yetming - Colliers
- Date of Sale: 02/26/2026
The deal was facilitated by brokers from Colliers, specifically Brooke Mosier, Julian Zuniga, Damian Johnson, and Gerard Yetming, who represented the parties involved in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$67,200.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,476.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,973.04
Annual Debt Service$71,676.51
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