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W Oakland Park Blvd

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

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

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:

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

Fausto Commercial Realty Consultants

Broker

$239.3M

vol

54 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

5.99%

Cash-on-Cash

-1.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93