Robert M. White Jr Acquires Land In Fort Lauderdale For $13.5M
2721 Sea Island Drive, Fort Lauderdale, Florida 33301, United States
$13,500,000
$686/SF
Building Size
19,676 SF
Asset Type
Co-Op
Closing
Mar 22, 2022
AI
Located at 2721 Sea Island Drive in Fort Lauderdale, this land property was recently sold in a closed transaction. The sale took place on March 23, 2022. The asset type of the property is land.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $13,500,000
- Address: 2721 Sea Island Drive, Fort Lauderdale
Robert M. White Jr, the founder of Real Capital Analytics (RCA), purchased the property. It is worth noting that Robert White sold RCA, a real estate data platform, to MSCI for over $900 million last year. The seller of the land property was Bradley & Seth Cohen.
Representing the buyer, Robert M. White Jr, was Matt Lill from Corcoran. Tim Elmes from Compass acted as the seller's representative in the deal.
Players
Fort Lauderdale Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93