Updated Oct 28, 2024
Gatsby FL Acquires 7-Acre Development Site In Fort Lauderdale For $17.5M
11200 Rca Center Drive, Palm Beach Gardens, Florida 33410, United States
$17,500,000
Building Size
—
Asset Type
Development Site
Closing
Aug 1, 2022
About this deal
AI
The development site located at 11200 RCA Center Drive in Fort Lauderdale has been sold for $17,500,000. This property spans across 7 acres and was sold by Daniel Catalfumo to Gatsby FL, represented by Babak Ebrahimzadeh and Nader Shalom. The transaction took place on 08/02/2022.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $17,500,000
- Address: 11200 RCA Center Drive, Fort Lauderdale
- Market: Fort Lauderdale
- Buyer: Gatsby FL - Babak Ebrahimzadeh & Nader Shalom
- Seller: Daniel Catalfumo
- Brokers: Chris Smith - CBRE ; Darryl Kaplan - Darryl R. Kaplan Company
Chris Smith from CBRE and Darryl Kaplan from Darryl R. Kaplan Company were the brokers involved in the transaction.
On the Map
$17,500,000
Development Site
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Players
Palm Beach Gardens Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93