Updated Mar 24, 2026
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
About this deal
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.
On the Map
$1,260,000
Development Site
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Sebastian Development Site Market Snapshot
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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