Saul Perez Of REZ SE Land Acquires Development Site In Margate For $9.785M
785 State Road 7
$9,785,000
$30/SF
Building Size
321,313 SF
Asset Type
Development Site
Closing
Aug 7, 2025
AI
The asset involved in this transaction is a development site located at 785 State Road 7 in Margate, with a sale price of $9,785,000. The property spans approximately 321,313 square feet, resulting in a price per square foot of $30.
Summary of transation details:
- Property Type: Development Site
- Transaction Amount: $9,785,000
- Address: 785 State Road 7
- Market: Margate
- Square Footage: 321,313
- Price Per Square Foot: $30
- Buyer: Saul Perez - REZ SE Land; Trammell Crow Residential
- Seller: Michael Shooster
- Broker Representatives: Adam Steinlauf, Michael Lewin & Don Ginsburg - Katalyst Real Estate & Development
The key individuals involved in this transaction include the buyer, Saul Perez, who represents REZ SE Land and Trammell Crow Residential. The seller of the property is Michael Shooster. The transaction was facilitated by brokers Adam Steinlauf, Michael Lewin, and Don Ginsburg, all associated with Katalyst Real Estate & Development.
Players
Pompano Beach 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
1.62%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93