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5500 Davie Road

Steven Fischer's Saddle Ridge At Davie LLC Acquires 5.83 Acres In Davie From 75 Invest Group For $2.35M
SOLDLand

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

Kyle Sorel

Native Realty

Broker

$5.8M

vol

3 deals

Broker
No Limit Real Estate
No Limit Real EstateBrokerage

Fort Lauderdale 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

6.75%

Cash-on-Cash

-1.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93