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
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