Updated Oct 29, 2024
DS Lauderdale Lakes FL Landlord LLC Acquires Walgreen Co Retail Property In Lauderdale Lakes For $7M
3099 N State Rd 7, Lauderdale Lakes, Fl 33313, Usa
$7,000,000
$449/SF
Building Size
15,568 SF
Asset Type
Retail
Closing
Apr 29, 2020
About this deal
AI
The property asset involved in this transaction is a retail property located at 3099 North State Road 7 in Lauderdale Lakes. The property has a total area of 15,568 square feet and was sold for a price of $7,000,000, resulting in a price per square foot of $449.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $7,000,000
- Address: 3099 North State Road 7, Lauderdale Lakes
- Market: Lauderdale Lakes
The buyer in this transaction is DS Lauderdale Lakes FL Landlord LLC, represented by SunTrust Equity Funding LLC. The seller of the property is Walgreen Co, with Stefano Pessina and Richard Ashworth involved in the sale.
On the Map
$7,000,000
$449/SF
Retail
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Players
Lauderdale Lakes Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93