7.25-acre Land In Jensen Beach Sold For $9.9 Million By Patrick Stracuzzi, RE/MAX Community
3330 NE Indian River Dr Jensen Beach, FL 34957, USA
$9,900,000
Building Size
—
Asset Type
Land
Closing
Aug 1, 2023
About this deal
AI
A 7.25-acre property located at 3330 NE Indian River Dr in Jensen Beach, FL, has been sold for $9.9 million. Represented by Patrick Stracuzzi of RE/MAX Community, this potential development opportunity is situated in downtown Jensen Beach.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $9,900,000
- Address: 3330 NE Indian River Drive, Jensen Beach, FL
- Market: Jensen Beach
- Broker: Patrick Stracuzzi - RE/MAX Community
The sale was facilitated by Patrick Stracuzzi, a reputable broker from RE/MAX Community. His expertise and representation played a significant role in finalizing the transaction. This deal showcases the potential for development in downtown Jensen Beach and highlights the involvement of key individuals and companies in the real estate market.
Players
Jensen 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
1.60%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93