J. Brothers’ Investments LLC Acquires Property From MR 1011 LLC For $2.1M In Fort Lauderdale
6781 NW 17th Ave, Fort Lauderdale, F...
$2,100,000
$90/SF
Building Size
23,266 SF
Asset Type
—
Closing
Nov 20, 2023
About this deal
AI
The property located at 6781 NW 17th Ave, Fort Lauderdale, is part of the Fort Lauderdale market. It has been sold for a price of $2,100,000.00 and encompasses a square footage of 23,266.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $2,100,000.00
- Address: 6781 NW 17th Ave, Fort Lauderdale
- Market: Fort Lauderdale
- Seller: MR 1011, LLC
- Buyer: J. Brothers’ Investments, LLC
- Seller's Representatives: Keith Kidwell, Les Byron
The transaction involves J. Brothers’ Investments, LLC as the buyer of the property from MR 1011, LLC. The deal was facilitated by the seller's representatives, Keith Kidwell and Les Byron, who played a crucial role in the negotiation process.
On the Map
$2,100,000
$90/SF
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Players
Fort Lauderdale CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93