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
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