Home Venture Investments Purchases Church From Vision For Christ Ministries For $2.175M In Lauderhill
3135 West Broward Boulevard
$2,175,000
$435/SF
Building Size
5,000 SF
Asset Type
Church
Closing
Jul 12, 2024
About this deal
AI
The property asset involved in the transaction is a church located at 3135 West Broward Boulevard in Lauderhill. The sale price for this asset was $2,175,000, with a total square footage of 5,000, resulting in a price per square foot of $435.
Summary of transaction details:
- Property Type: Church
- Transaction Amount: $2,175,000
- Address: 3135 West Broward Boulevard
- Market: Lauderhill
- Square Footage: 5,000
- Price per Square Foot: $435
- Buyer: Home Venture Investments
- Seller: Vision For Christ Ministries
- Broker: Kenea Crespo - The Grand Lion Real Estate Group
The key individuals and companies involved in this transaction include the buyer, Home Venture Investments, and the seller, Vision For Christ Ministries. Kenea Crespo from The Grand Lion Real Estate Group represented the broker in this transaction.
Lauderhill Church Market Snapshot
Boundary boundary · Church · Sale transactions
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Deal FAQ
About $435 per square foot on a published $2.2M for 5,000 square feet (2024).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.29%
Cash-on-Cash
-2.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93