Bill Mills Of Mills Commercial Real Estate Group Sells 52.63-Acre Land Parcel For $3.4M In Fellsmere
98th St
$3,400,000
Building Size
—
Asset Type
Land
Closing
Mar 6, 2024
About this deal
AI
A 52.63-acre land parcel located on 98 Street in Fellsmere has been sold for $3.4 million. The transaction was facilitated by Bill Mills of Mills Commercial Real Estate Group.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $3,400,000
- Address: 98 Street
- Market: Fellsmere
- Broker: Bill Mills - Mills Commercial Real Estate Group
The broker representing the deal was Bill Mills from Mills Commercial Real Estate Group.
The land sale at 98th St in Fellsmere, Florida sold for $3.4M in 2024. 98th St is classified as Land on Traded. Bill Mills, Mills Commercial Real Estate Group appear on the sale alongside Mills Commercial Real Estate Group. This page is the Fellsmere, Florida file for the 98th St land sold: pricing, party profiles, and other closed land comps from the same Fellsmere sit in the Market section below. Filter that Fellsmere land set by closing date to see what else sold near 98th St around 2024. Published consideration for 98th St is $3.4M, dated 2024. Cite this Bill Mills Of Mills Commercial Real Estate Group Sells 52.63-Acre Land Parcel For $3.4M In Fellsmere sale when underwriting similar land product around Fellsmere, Florida.
Fellsmere 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
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93