Adrian Rivas Purchases Land In Pembroke Park For $2,575,000 With Brokers Christopher Spalding And Daniel Ickowicz
4945 Southwest 41st Street
$2,575,000
$28/SF
Building Size
90,549 SF
Asset Type
Land
Closing
Jun 29, 2026
About this deal
AI
The asset involved in the transaction is a land parcel located at 4945 Southwest 41st Street in Pembroke Park. The sale price of the property was $2,575,000, and it has a total square footage of 90,549. The price per square foot was calculated to be $28.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $2,575,000
- Address: 4945 Southwest 41st Street
- Market: Pembroke Park
- Square Footage: 90,549
- Price per Square Foot: $28
- Buyer: Adrian Rivas
- Seller: Aderbal Neto Neves
- Buyer's Representative: Christopher Spalding - Trust Realty USA, LLC
- Seller's Representative: Daniel Ickowicz - Elite International Realty
This transaction involved notable individuals representing both parties, with Christopher Spalding acting on behalf of the buyer, Adrian Rivas, and Daniel Ickowicz representing the seller, Aderbal Neto Neves. The buyer's representative highlighted the collaborative efforts between the buyer, seller, and the Town of Pembroke Park, Florida, expressing anticipation for future developments on the property.
Players
Hollywood 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
6.16%
Cash-on-Cash
-1.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93