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9455 53 Avenue

Indian River County Purchases 12.78 Acres Of Land From RJS Properties For $1.26M
SOLDDevelopment Site

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:

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

Julian Zuniga

Colliers

Broker

$102M

vol

16 deals

Broker

Sebastian 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

12.59%

Cash-on-Cash

-3.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93