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3055 Burris Rd, Fort Lauder...

Stockbridge Real Estate Purchases Fort Lauderdale Property For $64 Million With Jake Zebede As Buyer's Rep
SOLDCommercial

Stockbridge Real Estate Purchases Fort Lauderdale Property For $64 Million With Jake Zebede As Buyer's Rep

3055 Burris Rd, Fort Lauderdale, FL, 3...

$64,000,000

Building Size

Asset Type

Commercial

Closing

Oct 4, 2021

AI

The property located at 3055 Burris Rd, Fort Lauderdale, FL, is situated in the Davie market. It was sold for a total transaction amount of $64,000,000.00. The property comprises 0 square feet.

Summary of transaction details:

  • Property Type: Unknown
  • Transaction Amount: $64,000,000.00
  • Address: 3055 Burris Rd, Fort Lauderdale, FL
  • Market: Davie
  • Buyer: Stockbridge Real Estate
  • Seller: Unknown
  • Buyer's Representative: Jake Zebede - CBRE

The deal was executed with Stockbridge Real Estate as the purchaser, represented by Jake Zebede of CBRE. The identity of the seller remains undisclosed.

Players

Jake Zebede
Verified Badge

Jake Zebede

Trustone Realty Advisors

Broker

$333.7M

vol

16 deals

Broker
SE
Stockbridge Real EstateBuyer

Davie 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

0.25%

Cash-on-Cash

-0.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93