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1350 Island Club Manor

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

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

1350 Island Club Manor

$5,850,000

$6/SF

Building Size

853,776 SF

Asset Type

Land

Closing

Mar 4, 2026

AI

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

Colliers

Broker

$102M

vol

16 deals

Broker

Indian River County

Buyer

$10M

vol

3 deals

Buyer

Alan Wilkinson

Seller

$5.9M

vol

1 deal

Seller

Vero 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

2.71%

Cash-on-Cash

-0.77%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93