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1290 Nw Davis Pkwy

Javier Melo Of Audax Land, LLC Acquires 50 Acres Of Land In Florida City For $28.5M
SOLDLand

Javier Melo Of Audax Land, LLC Acquires 50 Acres Of Land In Florida City For $28.5M

1290 Nw Davis Pkwy

$28,500,000

$13/SF

Building Size

2,175,648 SF

Asset Type

Land

Closing

Jul 29, 2026

AI

The transaction involves a 50-acre parcel of land located at 1290 NW Davis Parkway in Florida City. The sale price for this asset was $28,500,000, with a square footage of 2,175,648, which equates to a price per square foot of $13.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: $28,500,000
  • Buyer: Javier Melo - Audax Land, LLC
  • Seller: ONX
  • Market: Florida City
  • Acreage: 50
  • Square Footage: 2,175,648
  • Price Per Square Foot: $13

Javier Melo, representing Audax Land, LLC, finalized the purchase of the land and has entered into a developed lot purchase agreement with DR Horton, indicating further development plans for the parcel.

Players

Javier Melo

Audax Land, LLC

Buyer

$41.7M

vol

2 deals

Buyer
O
ONXSeller

Florida City Land Market Snapshot

Boundary boundary · Land · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.56%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93