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
Florida City 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
0.56%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93