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785 State Road 7

Updated Aug 20, 2025

Saul Perez Of REZ SE Land Acquires Development Site In Margate For $9.785M
SOLDDevelopment Site

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

About this deal

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.

On the Map

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$9,785,000

$30/SF

Development Site

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Players

Don Ginsburg

Katalyst Real Estate & Development

Broker

$264.3M

vol

16 deals

Broker
Katalyst Real Estate & Development
Katalyst Real Estate & DevelopmentBrokerage
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Pompano Beach Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Deal FAQ

About $30 per square foot on a published $9.8M for 321,313 square feet (2025).

Visit Michael Lewin to view all their deals.

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

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