Indian River County Purchases 12.78 Acres Of Land From RJS Properties For $1.26M
9455 53 Avenue
$1,260,000
Building Size
—
Asset Type
Development Site
Closing
Feb 25, 2026
AI
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.
Players
Sebastian Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.59%
Cash-on-Cash
-3.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93