Updated Mar 26, 2026
George Collazo Jr. & Ryan Hernandez Of The Source Real Estate Facilitate $8.61M Land Sale In West Tamiami
30-5917-000-0061 & 30-5917-000-0013
$8,610,000
Building Size
—
Asset Type
Development Site
Closing
Mar 19, 2026
About this deal
AI
The transaction involves a development site (land) located at 30-5917-000-0061 & 30-5917-000-0013 in the West Tamiami market. The sale price for this property amounts to $8,610,000, covering an area of 30 acres which denotes a price per acre of $287,000.
Summary of transaction details:
- Property Type: Development Site (Land)
- Transaction Amount: $8,610,000
- Address: 30-5917-000-0061 & 30-5917-000-0013
- Market: West Tamiami
- Acres: 30
- Price per Acre: $287,000
Representing the deal are brokers George Collazo Jr. and Ryan Hernandez from The Source Real Estate. Notably, the transaction sets a new benchmark for price per acre in the area, reflecting strategic movements in the real estate market.
Players
Market Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.84%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93