DS Lauderdale Lakes FL Landlord LLC Acquires Walgreen Co Retail Property In Lauderdale Lakes For $7M
SOLD
$7,000,000
California
See Similar DealsRetail15,568 SF
Sold 04/30/2020
SOLD
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
See Similar DealsRetail15,568 SF
Sold 04/30/2020
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$449
Total Square Footage:15,568 SF
Transaction Type:Sale
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.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$373,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,869.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,183.57
Annual Debt Service$398,202.85
Is there something missing? Send suggestions