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Daniel Diaz Acquires Development Site In Lauderdale Lakes From Robert Pietz For $2.65M

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SOLD
$2,650,000

Florida

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Development Site
Sold 10/15/2025
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Property Image
SOLD

Daniel Diaz Acquires Development Site In Lauderdale Lakes From Robert Pietz For $2.65M

W Oakland Park Blvd

See Similar Deals
Development Site
Sold 10/15/2025
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Summary

FLORIDA
Asset Type:Development Site
Transaction Type:Sale

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:

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.

Players

Carlos Fausto Miranda
54 deals$239.3M volume(305) 431-2258
BROKER

Mauricio Villasuso
Fausto Commercial Realty Consultants
17 deals$91.4M volume
BROKER

Elior Levi
Fausto Commercial Realty Consultants
38 deals$100.9M volume(954) 743-7594
BROKER

Details

SOLD
IMAGE: Mauricio Villasuso, Carlos Fausto Miranda & Elior Levi DATE: 10/15/2025 ADDRESS: 0 West Oakland Park Boulevard MARKET: Lauderdale Lakes ASSET TYPE: Development Site BUYER: Daniel Diaz SELLER: Robert Pietz BROKERS: Carlos Fausto Miranda, Mauricio Villasuso (@MauricioVillasuso) & Elior Levi (@EliorLevi17) - Fausto Commercial Realty Consultants (@FaustoCommercial) SALE PRICE: $2,650,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$141,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,414.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,562.35
Annual Debt Service$150,748.22