Updated Dec 21, 2023
Dave Hoffman Acquires Vacant Commercial Property In Fort Lauderdale For $5.3M
3140 North University Drive, Fort Lauderdale, Florida 33351, United States
$5,300,000
$1,614/SF
Building Size
3,282 SF
Asset Type
Commercial
Closing
Jun 30, 2022
About this deal
AI
A vacant commercial property located at 3140 N University Dr in Fort Lauderdale, FL has been sold in a transaction that took place on July 1, 2022. The property was sold for a price of $5,300,000.
Summary of transaction details
- Property Type: Vacant Commercial
- Transaction Amount: $5,300,000
- Address: 3140 N University Dr, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
- Buyer: Dave Hoffman
- Seller: Clay W. King
Dave Hoffman represented the buyer's interests in the transaction, while Clay W. King served as the seller's representative.
Players
Sunrise Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
Loading comparables…
Deal FAQ
Browse Sunrise commercial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93