Updated Dec 21, 2023
Moishe Oppenheim Acquires Development Site In Fort Lauderdale For $20M
121 East Broward Boulevard, Fort Lauderdale, Florida 33388, United States
$20,000,000
Building Size
—
Asset Type
Commercial
Closing
Apr 27, 2022
About this deal
AI
A development site located at 121 E Broward Blvd in Fort Lauderdale has been sold for $20,000,000. The property spans an area of 54,060 square feet, with a price per square foot of $370. The transaction took place on April 28, 2022.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $20,000,000
- Address: 121 E Broward Blvd, Fort Lauderdale
- Market: Fort Lauderdale
- Buyer: Moishe Oppenheim
- Seller: Frances Shapiro
- Brokers: Michael T. Fay, John K. Crotty, David Duckworth & Brian C. de la Fé - Avison Young
- Building Square Footage (BSF): 1,000,000
- Price per Building Square Foot (PPBSF): $20
The deal was facilitated by the Avison Young team, including brokers Michael T. Fay, John K. Crotty, David Duckworth, and Brian C. de la Fé. They played a crucial role in representing the buyer and seller throughout the transaction.
Players
Fort Lauderdale Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93