Updated Oct 28, 2024
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
About this deal
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
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