Steven Fischer's Saddle Ridge At Davie LLC Acquires 5.83 Acres In Davie From 75 Invest Group For $2.35M
5500 Davie Road
$2,350,000
Building Size
—
Asset Type
Land
Closing
Apr 4, 2025
AI
A 5.83-acre parcel of residential land located at 5500 Davie Road in the Davie market was sold for $2,350,000. The property encompasses a building square footage of 254,004 and has a price per building square foot of $9.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $2,350,000
- Building Square Footage: 254,004
- Price per Building Square Foot: $9
- Buyer: Steven Fischer - Saddle Ridge at Davie LLC
- Seller: 75 Invest Group
- Brokers: Adam Docktor & Kyle Sorel - Native Realty
The acquisition was led by Steven Fischer and Saddle Ridge at Davie LLC, who completed the purchase from 75 Invest Group. Kyle Sorel represented the buyer while Adam Docktor represented the seller in this transaction.
Players
Fort Lauderdale Land Market Snapshot
Boundary boundary · Land · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.75%
Cash-on-Cash
-1.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93