Denny St. Romain & Robert Given Acquire Development Site In Fort Lauderdale For $22M
1131 SW 9 Ave
$22,000,000
Building Size
—
Asset Type
Development Site
Closing
Jan 17, 2023
AI
A development site located at 1131 SW 9th Ave in Fort Lauderdale has been sold for $22,000,000. The property was sold by Michael and Gene Whiddon to buyers Denny St. Romain and Robert Given. The transaction was facilitated by Harrison Whiddon and Nicholas Trotz of Better Homes and Gardens Real Estate.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $22,000,000
- Address: 1131 SW 9th Ave, Fort Lauderdale
- Market: Fort Lauderdale
Denny St. Romain and Robert Given were the buyers in this transaction. The property was sold by Michael and Gene Whiddon. The deal was overseen by Harrison Whiddon and Nicholas Trotz of Better Homes and Gardens Real Estate.
Players
Fort Lauderdale Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93