Updated Oct 28, 2024
Ocean Land Investments Acquires Development Site In Fort Lauderdale For $7.75M
201 North Federal Highway
$7,750,000
Building Size
—
Asset Type
Development Site
Closing
Sep 30, 2021
About this deal
AI
The development site located at 201 N. Federal Highway in Fort Lauderdale has been sold for a price of $7,750,000. The site spans an area of 0.85 acres, offering significant potential for future development.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $7,750,000
- Address: 201 N. Federal Highway, Fort Lauderdale
- Market: Fort Lauderdale
- Buyer: Ocean Land Investments - Jean Francois Roy
- Seller: Manuel Denis
- Buyer's Representative: Yonatan Missika - Gridline Properties
- Seller's Representative: Alan Chocron - Compass
Ocean Land Investments, led by Jean Francois Roy, acquired the property from Manuel Denis. Yonatan Missika of Gridline Properties represented the buyer, while Alan Chocron of Compass served as the seller's representative in the transaction.
On the Map
$7,750,000
Development Site
View full map
Players
Fort Lauderdale Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Browse Fort Lauderdale development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.05%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93