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Indian River County Acquires Land In Vero Beach From Alan Wilkinson For $5.85M

Property Image
SOLD
$5,850,000
Gerard Yetming
Brooke Mosier
+ 3

Florida

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Land853,776 SF
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Property Image
SOLD

Indian River County Acquires Land In Vero Beach From Alan Wilkinson For $5.85M

1350 Island Club Manor

See Similar Deals
Land853,776 SF
Sold
Gerard Yetming
Brooke Mosier
+ 3
Contact now

Summary

FLORIDA
Asset Type:Land
Price Per Square Foot:$6
Total Square Footage:853776 SF
Transaction Type:Sale

The property asset involved in this transaction is land located at 1350 Island Club Manor in Vero Beach. The sale price was $5,850,000, encompassing a total area of 853,776 square feet, which is approximately 19.60 acres in size. The price per square foot for this transaction was $6.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: $5,850,000
  • Address: 1350 Island Club Manor
  • Market: Vero Beach
  • Square Footage: 853,776
  • Price Per Square Foot: $6
  • Acres: 19.60
  • Buyer: Indian River County
  • Seller: Alan Wilkinson - Island Manor Development
  • Brokers: Brooke Mosier, Julian Zuniga, Damian Johnson & Gerard Yetming - Colliers

This transaction involved Indian River County as the buyer procuring the land from Alan Wilkinson, who is associated with Island Manor Development. The deal was facilitated by the brokerage team of Brooke Mosier, Julian Zuniga, Damian Johnson, and Gerard Yetming from Colliers.

Players

Julian Zuniga
16 deals$102M volume(786) 547-0153
BROKER

Gerard Yetming
Colliers
17 deals$125.5M volume(305) 342-5059
BROKER

Brooke Mosier
Colliers
8 deals$23.3M volume(954) 652-4633
BROKER

Damian Johnson
Colliers
6 deals$16.7M volume(305) 858-6239
BROKER


1 deal$5.9M volume
SELLER

Details

SOLD
IMAGE: Brooke Mosier, Julian Zuniga, Damian Johnson & Gerard Yetming ADDRESS: 1350 Island Club Manor MARKET: Vero Beach ASSET TYPE: Land BUYER: Indian River County SELLER: Alan Wilkinson - Island Manor Development BROKERS: Brooke Mosier (@Brookebfsu), Julian Zuniga (@Zuniga346), Damian Johnson (@Damian.johnson32) & Gerard Yetming (@GerardYetming) - Colliers (@ColliersInternational) SALE PRICE: $5,850,000 SF: 853,776 ~ PPSF: $6 ACRES: 19.60

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

$312,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,783.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,731.98
Annual Debt Service$332,783.81