Claridge Homes Acquires Condo Development Site In Fort Lauderdale From Sunnyvale Corp. For $12.5M
2901 East Oakland Park Boulevard, Fort Lauderdale, Florida 33306, United States
$12,500,000
$303/SF
Building Size
41,192 SF
Asset Type
—
Closing
Mar 1, 2022
About this deal
AI
A condo development site located at 2901-3000 East Oakland Park Blvd & 3000 NE 30th Place in Fort Lauderdale has been sold for $12,500,000. The site spans 2.16 acres and offers a total square footage of 41,192. The price per square foot comes out to $303. The transaction took place on 03/02/2022.
Summary of transaction details
- Property Type: Condo Development Site
- Transaction Amount: $12,500,000
- Address: 2901-3000 East Oakland Park Blvd & 3000 NE 30th Place
- Market: Fort Lauderdale
- Acres: 2.16
- Square Footage: 41,192
- Price Per Square Foot: $303
- Date: 03/02/2022
The buyer of the property is Claridge Homes, while the seller is Sunnyvale Corp., represented by Debra Mink of the same company. This transaction marks a significant deal in the Fort Lauderdale real estate market.
Players
Fort Lauderdale CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Deal FAQ
About $303 per square foot on a published $12.5M for 41,192 square feet (2022).
Browse Florida sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93