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Manny Chamizo III & Rosie Cruz-Sotero Of One Sotheby’s Sell 8.8 Acres Of Vacant Land For $3M

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SOLD
$3,000,000
Manny Chamizo III
Rosie Cruz-Sotero

Florida

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Mixed-use
Sold 07/25/2025
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Property Image
SOLD

Manny Chamizo III & Rosie Cruz-Sotero Of One Sotheby’s Sell 8.8 Acres Of Vacant Land For $3M

5050 Peters Rd

See Similar Deals
Mixed-use
Sold 07/25/2025
Manny Chamizo III
Rosie Cruz-Sotero
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Mixed-use
Transaction Type:Sale

The transaction involves 8.8 acres of vacant land located at 5050 Peters Road in Plantation, Florida. The land is zoned agricultural and is strategically positioned with prominent frontage on Peters Road and along the Florida Turnpike. The sale price for the property was $3,000,000.

Summary of transaction details:

  • Property Type: Vacant Land
  • Transaction Amount: $3,000,000
  • Address: 5050 Peters Road
  • Market: Plantation
  • Seller's Representative: Manny Chamizo III & Rosie Cruz-Sotero - One Sotheby’s International Realty

Seller's representatives noted that the property presents a unique investment opportunity with zoning that supports various commercial and agricultural applications. Potential uses include landscape maintenance truck/vehicle parking facilities, plant nurseries, and landscaping services, among other agricultural pursuits.

Players

Manny Chamizo III
Sotheby's International Realty
Manny Chamizo III
28 deals$192.5M volume(786) 486-6655
BROKER
Rosie Cruz-Sotero
One Sotheby’s International Realty
Rosie Cruz-Sotero
1 deal$3M volume(305) 788-0611
BROKER
One Sotheby’s International Realty
One Sotheby’s International Realty
BROKERAGE

Details

SOLD
IMAGE: Rosie Cruz-Sotero & Manny Chamizo III DATE: 07/25/2025 ADDRESS: 5050 Peters Road MARKET: Plantation ASSET TYPE: Vacant Land SELLER'S REP: Manny Chamizo III (@MannyChamizo) & Rosie Cruz-Sotero (@RosieCSoterorealtor) - One Sotheby’s International Realty (@Onesir) SALE PRICE: $3,000,000 NOTE FROM SELLER'S REP: Just Sold - A unique investment opportunity located in Plantation, FL consisting of 8.8 acres of vacant land, zoned agricultural, with prominent frontage on Peters Road, and along the FL Turnpike. The property's zoning is ideally suited for a range of commercial and agricultural endeavors, including landscape maintenance truck/vehicle parking facilities, plant nurseries, landscaping services, and many other agricultural endeavors.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$160,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37