Updated Oct 17, 2025
Daniel Diaz Acquires Development Site In Lauderdale Lakes From Robert Pietz For $2.65M
W Oakland Park Blvd
$2,650,000
Building Size
—
Asset Type
Development Site
Closing
Oct 14, 2025
About this deal
AI
The transaction involves a development site located at 0 West Oakland Park Boulevard in Lauderdale Lakes, which has been sold for $2,650,000. The asset is characterized as a suitable location for future development, highlighting its potential for investors in the real estate market.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $2,650,000
- Buyer: Daniel Diaz
- Seller: Robert Pietz
- Brokers: Carlos Fausto Miranda, Mauricio Villasuso & Elior Levi - Fausto Commercial Realty Consultants
- Transaction Date: 10/15/2025
The deal was facilitated by Carlos Fausto Miranda, Mauricio Villasuso, and Elior Levi, who are associated with Fausto Commercial Realty Consultants and acted as the brokers during this transaction. This group played a significant role in bringing together the buyer and seller, ensuring a smooth process for both parties involved in the exchange of the property.
On the Map
$2,650,000
Development Site
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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
5.99%
Cash-on-Cash
-1.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93