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2005 Us Route 1

Joe Levy Acquires Development Site From Remilard Family In Fort Lauderdale For $5.85M
SOLDDevelopment Site

Joe Levy Acquires Development Site From Remilard Family In Fort Lauderdale For $5.85M

2005 Us Route 1

$5,850,000

$140/SF

Building Size

41,741 SF

Asset Type

Development Site

Closing

Jan 13, 2025

AI

A development site located at 2005 S Federal Highway in Fort Lauderdale has been sold for a transaction amount of $5,850,000. The property covers an area of 41,741 square feet, valuing it at approximately $140 per square foot.

Summary of transaction details:

The Colliers Urban Core Team was responsible for representing the seller, the Remilard Family, in this transaction. To explore off-market opportunities or discuss property value, interested parties can contact Jonathan Papeika via email.

Players

Mika Mattingly

Colliers

Broker

$528.8M

vol

34 deals

Broker
Jonathan Papeika
Verified Badge

Jonathan Papeika

Colliers

Broker

$33.2M

vol

4 deals

Broker

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

2.71%

Cash-on-Cash

-0.77%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93