Positioned in Okeechobee, FL, this property offers direct logistical advantages for industrial and commercial distribution. Located just three minutes from Florida's Turnpike and under 45 minutes from I-95, the site ensures efficient connectivity to major transportation corridors, supporting streamlined access for freight, deliveries, and workforce commuting. Surrounded by expansive agricultural land, the property provides a buffer from urban congestion while maintaining proximity to key infrastructure. Currently zoned PD and land use of MXD, the site presents a strategic opportunity for investors or developers interested in leveraging the area's growth potential and rural workforce availability. With its combination of immediate highway access and a location within a developing corridor, this property is ideally suited for commercial ventures seeking a balance of operational convenience and future community development. The site's unique positioning makes it a compelling option for distribution centers, logistics hubs, or mixed-use projects targeting both industrial and residential demand in the region.
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William Raveis Mortgage, LLC
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Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $10,400,000 | $10,400,000 | $10,400,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.228% | 6.086% | 6.183% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $60,692 | $62,353 | $87,761 |
| Total Monthly Payment | $60,817 | $62,478 | $87,886 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.