Stockbridge Real Estate Purchases Fort Lauderdale Property For $64 Million With Jake Zebede As Buyer's Rep
SOLD
$64,000,000
Florida
See Similar DealsCommercial
Sold 10/04/2021
SOLD
Stockbridge Real Estate Purchases Fort Lauderdale Property For $64 Million With Jake Zebede As Buyer's Rep
3055 Burris Rd, Fort Lauderdale, FL, 3...
See Similar DealsCommercial
Sold 10/04/2021
Summary
FLORIDA
Asset Type:Commercial
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,413,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$227,378.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$303,392.65
Annual Debt Service$3,640,711.82
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