OceanLand Acquires Development Site In Fort Lauderdale For $13.2M With Seller's Rep Brad Capas - Cushman & Wakefield
SOLD
Florida
See Similar DealsDevelopment Site41,382 SF
Sold 03/14/2023
SOLD
OceanLand Acquires Development Site In Fort Lauderdale For $13.2M With Seller's Rep Brad Capas - Cushman & Wakefield
105 Nw 3 Ave
See Similar DealsDevelopment Site41,382 SF
Sold 03/14/2023
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$319
Total Square Footage:41,382 SF
Transaction Type:Sale
OceanLand has acquired a development site located at 105 Nw 3 Ave in Fort Lauderdale. The property, consisting of 0.95 acres, was sold by Florida East Coast Industries for a total price of $13,200,000.
Summary of Transaction Details
- Property Type: Development Site
- Transaction Amount: $13,200,000
- Address: 105 Nw 3 Ave, Fort Lauderdale
- Market: Fort Lauderdale
- Buyer: OceanLand - Jean Francois Roy & Marc Andre Roy
- Seller: Florida East Coast Industries
- Seller's Representative: Brad Capas - Cushman & Wakefield
- Acres: 0.95
Brad Capas of Cushman & Wakefield represented Florida East Coast Industries in the transaction. This acquisition marks an important step for OceanLand in expanding its portfolio in the Fort Lauderdale market.
Players
BROKERAGE
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$703,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$46,896.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$62,574.73
Annual Debt Service$750,896.81
Is there something missing? Send suggestions
