Maurice Kaufman & William O'Connor Acquire Vacant Commercial Property In Fort Lauderdale, FL For $6.6M
SOLD
$6,600,000
Florida
See Similar DealsCommercial
Sold 02/02/2022
SOLD
Maurice Kaufman & William O'Connor Acquire Vacant Commercial Property In Fort Lauderdale, FL For $6.6M
4465 Griffin Road, Davie, Florida 33328, United States
See Similar DealsCommercial
Sold 02/02/2022
Summary
FLORIDA
Asset Type:Commercial
Transaction Type:Sale
The vacant commercial property located at 4465 Griffin Rd in Fort Lauderdale, FL has been sold in a transaction that took place on February 2, 2022. The property was sold for a price of $6,600,000. The buyer of the property is Maurice Kaufman & William O'Connor, while the seller is Daniel Cohen.
Summary of transaction details
- Property Type: Vacant Commercial
- Transaction Amount: $6,600,000
- Address: 4465 Griffin Rd, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
Maurice Kaufman & William O'Connor were represented by their broker in this deal. No additional details regarding the transaction or the parties involved were provided.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$352,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,448.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,287.37
Annual Debt Service$375,448.41
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