Kevin Spina Represents Buyer In $7.95M Riviera Beach Land Sale
1020 Fairview Lane
$7,950,000
Building Size
—
Asset Type
Land
Closing
Mar 11, 2024
AI
In Riviera Beach, a 0.36-acre land parcel at 1020 Fairview Lane was sold for $7.95 million. The transaction involved Kevin Spina of The Keyes Company as the buyer's representative and Anthony Hernandez of Illustrated Properties & Paul Thomson of Waterfront Properties and Club Communities as the seller's representatives.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $7,950,000
- Address: 1020 Fairview Lane
- Market: Riviera Beach
- Asset Type: Land
- Acres: 0.36
- Buyer's Rep: Kevin Spina - The Keyes Company
- Seller's Rep: Anthony Hernandez - Illustrated Properties; Paul Thomson - Waterfront Properties & Club Communities
The deal at 1020 Fairview Lane in Riviera Beach was facilitated by Kevin Spina of The Keyes Company representing the buyer, and Anthony Hernandez of Illustrated Properties along with Paul Thomson of Waterfront Properties and Club Communities representing the seller.
Players
Riviera Beach Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.00%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93