Location Ventures Acquires Development Site In Fort Lauderdale For $14.4M
551 Bayshore Drive, Fort Lauderdale, FL, USA
$14,400,000
Building Size
—
Asset Type
Development Site
Closing
Jan 31, 2021
AI
Location Ventures, represented by Rishi Kapoor, has closed a transaction for a development site located at 551 Bayshore Drive in Fort Lauderdale. The deal was facilitated by brokers Jeffrey Donnelly and Dmitry Levkov from Colliers International.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $14,400,000
- Address: 551 Bayshore Drive
- Market: Fort Lauderdale
Location Ventures, led by Rishi Kapoor, sealed the deal for the development site at 551 Bayshore Drive in Fort Lauderdale. Assisting in the transaction were Jeffrey Donnelly and Dmitry Levkov from Colliers International.
Players
Fort Lauderdale Development Site Market Snapshot
Boundary boundary · Development Site · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.10%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93