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
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