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201 North Federal Highway

Ocean Land Investments, Inc. Acquires Development Site In Fort Lauderdale From Manuel Denis For $7.75M
SOLDDevelopment Site

Ocean Land Investments, Inc. Acquires Development Site In Fort Lauderdale From Manuel Denis For $7.75M

201 North Federal Highway

$7,750,000

$218/SF

Building Size

35,410 SF

Asset Type

Development Site

Closing

Sep 30, 2021

AI

An development site located at 201 N Federal Hwy in Fort Lauderdale has been sold for a total price of $7,750,000. The property spans across 35,410 square feet, resulting in a price per square foot of $219. The sale took place on September 30, 2021.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $7,750,000
  • Address: 201 N Federal Hwy
  • Market: Fort Lauderdale

Ocean Land Investments, Inc. acquired the development site from Manuel Denis. Yonatan Missika from Gridline Properties represented the buyer, Ocean Land Investments, Inc., in the transaction. Alan Chocron from Compass acted as the seller's representative for Manuel Denis.

Players

Alan Chocron

Compass

Broker

$104.5M

vol

20 deals

Broker
OI
Ocean Land InvestmentsBuyer

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

2.05%

Cash-on-Cash

-0.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93