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9250 Northwest 44th Street

Centennial Management Corp Acquires Vacant Land In Broward County For $3.2M
SOLDLand

Centennial Management Corp Acquires Vacant Land In Broward County For $3.2M

9250 Northwest 44th Street

$3,200,000

Building Size

Asset Type

Land

Closing

Jun 15, 2023

AI

A vacant land located at 9250 NW 44th St Sunrise, Broward County, was recently sold in an off-market transaction. The property was purchased by Centennial Management Corp, represented by Lewis Swezy, for a price of $3,200,000. The seller, ASMD Properties, was represented by David Dennis. The transaction was facilitated by brokers Jaclyn Pamela and Javonny Vega.

Summary of transaction details

  • Property Type: Vacant Land
  • Transaction Amount: $3,200,000
  • Address: 9250 NW 44th St Sunrise, Broward County
  • Market: Broward County

Jaclyn Pamela and Javonny Vega played instrumental roles in this off-market transaction. Jaclyn demonstrated her expertise by representing both the buyer and seller in the successful redevelopment of an Affordable Housing Multi-Family site. She is known for providing exclusive off-market opportunities for land, multifamily properties, and retail sites across Florida and beyond. For access to these opportunities, you can connect with Jaclyn on Instagram (@jaclynpsol) and send an email to [email protected]. Meanwhile, Javonny Vega utilized his acquisitions expertise to source the seller and contribute to the overall success of the deal.

Players

Jaclyn Pamela

Broker

$28.4M

vol

4 deals

Broker
Lewis Swezy

Lewis Swezy

Centennial Management

Buyer

$129.1M

vol

7 deals

Buyer

Dennis David

Seller

$14.8M

vol

2 deals

Seller

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

4.96%

Cash-on-Cash

-1.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93