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6781 NW 17th Ave, Fort Laud...

J. Brothers’ Investments LLC Acquires Property From MR 1011 LLC For $2.1M In Fort Lauderdale
SOLD

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

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.

Players

Keith Kidwell

Broker

$18.1M

vol

3 deals

Broker
IL
Investments LLCBuyer

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