Updated Dec 21, 2023
Daniel Dietschman Acquires Vacant Commercial Property In Fort Lauderdale For $2.99M
3701 Powerline Road, Fort Lauderdale, Florida 33309, United States
$2,990,000
Building Size
—
Asset Type
Commercial
Closing
Apr 17, 2022
About this deal
AI
The vacant commercial property located at 3701 N Powerline Rd in Fort Lauderdale, FL has been sold in a recent transaction. The sale took place on April 18, 2022, with a selling price of $2,990,000. The property is situated in a prominent market, making it an attractive investment opportunity.
Summary of transaction details
- Property Type: Vacant Commercial
- Transaction Amount: $2,990,000
- Address: 3701 N Powerline Rd, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
The buyer of the property is Daniel Dietschman, while the seller is Richard D. Squires. Both parties were represented by their respective brokers in the deal.
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
5.31%
Cash-on-Cash
-1.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93