J. Brothers’ Investments LLC Acquires Property From MR 1011 LLC For $2.1M In Fort Lauderdale
SOLD
$2,100,000
Florida
See Similar Deals23,266 SF
SOLD
J. Brothers’ Investments LLC Acquires Property From MR 1011 LLC For $2.1M In Fort Lauderdale
6781 NW 17th Ave, Fort Lauderdale, F...
See Similar Deals23,266 SF
Summary
FLORIDA
Price Per Square Foot:$90
Total Square Footage:23,266 SF
Transaction Type:Sale
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.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$112,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86
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