Updated Feb 25, 2025
Denny St. Romain & Robert Given Acquire Development Site In Fort Lauderdale For $22M
1131 SW 9th Ave, Fort Lauderdale, Florida 33315, United States
$25,000,000
Building Size
—
Asset Type
Development Site
Closing
Jan 17, 2023
About this deal
AI
A development site located at 1131 SW 9th Ave in Fort Lauderdale has been sold for $22,000,000. The property was initially listed with an asking price of $25,000,000. The transaction took place on January 17, 2023. The buyers of the property are Denny St. Romain and Robert Given, while the sellers are Michael and Gene Whiddon.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $22,000,000
- Address: 1131 SW 9th Ave, Fort Lauderdale
- Market: Fort Lauderdale
Harrison Whiddon and Nicholas Trotz, representing Better Homes and Gardens Real Estate, served as the brokers for this transaction. They facilitated the negotiations between the buyer and the seller.
Players
Fort Lauderdale 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
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93