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5500 Davie Road

Steven Fischer Purchases Development Site At 5500 Davie Road From Sacha Touret For $2.35M
SOLDDevelopment Site

Steven Fischer Purchases Development Site At 5500 Davie Road From Sacha Touret For $2.35M

5500 Davie Road

$2,350,000

$9/SF

Building Size

254,004 SF

Asset Type

Development Site

Closing

Apr 4, 2025

AI

The development site located at 5500 Davie Road in the Davie market was sold for a price of $2,350,000. This property encompasses a total area of 254,004 square feet, resulting in a price per square foot of $9.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $2,350,000
  • Address: 5500 Davie Road
  • Market: Davie
  • Square Footage: 254,004
  • Price Per Square Foot: $9
  • Buyer: Steven Fischer
  • Seller: Sacha Touret
  • Broker Representation: Adam Docktor & Kyle Sorel - Native Realty

The transaction involved key individuals including the buyer, Steven Fischer, and the seller, Sacha Touret, both of whom played significant roles in this deal. The brokers representing the transaction were Adam Docktor and Kyle Sorel from Native Realty, facilitating the successful sale of the development site.

Players

Kyle Sorel

Native Realty

Broker

$5.8M

vol

3 deals

Broker

Fort Lauderdale 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

6.75%

Cash-on-Cash

-1.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93