Updated Dec 21, 2023
Dennis R O'Neil Acquires Development Site In Fort Lauderdale For $14M
2507 Mercedes Dr, Fort Lauderdale, FL, USA
$14,000,000
$4,991/SF
Building Size
2,805 SF
Asset Type
Development Site
Closing
Mar 3, 2021
About this deal
AI
A development site located at 2507 Mercedes Dr in Fort Lauderdale has been sold for $14,000,000. The transaction took place on March 4, 2021.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $14,000,000
The buyer of the property is Dennis R O'Neil, while the sellers are Steven L Feder and Lou Thomas Trosclair.
The development site sale at 2507 Mercedes Dr, Fort Lauderdale, FL, USA in Fort Lauderdale, Florida sold for $14M in 2021. The building is 2,805 square feet, implying about 5K per square foot on the published price. Named participants on the 2507 Mercedes Dr, Fort Lauderdale, FL, USA sale are Steven L Feder, Lou Thomas Trosclair, Dennis R O'Neil. This page is the Fort Lauderdale, Florida file for the 2507 Mercedes Dr, Fort Lauderdale, FL, USA development site sold: pricing, party profiles, and other closed development site comps from the same Fort Lauderdale sit in the Market section below. Filter that Fort Lauderdale development site set by closing date to see what else sold near 2507 Mercedes Dr, Fort Lauderdale, FL, USA around 2021. Published consideration for 2507 Mercedes Dr, Fort Lauderdale, FL, USA is $14M, dated 2021. Cite this Dennis R O'Neil Acquires Development Site In Fort Lauderdale For $14M sale when underwriting similar development site product around Fort Lauderdale, Florida.
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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93