Camaco, Inc. Acquires Development Site On Harbor Drive In Fort Lauderdale For $4.3M
3043 Harbor Drive, Fort Lauderdale, FL, USA
$4,300,000
$260/SF
Building Size
16,500 SF
Asset Type
Development Site
Closing
Aug 25, 2021
AI
Camaco, Inc., represented by Jean Campeau, has acquired a development site located at 3043 Harbor Drive in Fort Lauderdale. The property, sold by Balboa Club Co-Op, was transacted on August 25, 2021. The deal was facilitated by Gerard Yetming, Julian Zuniga, Mitash Kripalani, Virgilio Fernandez, and Nelson Ilceus from Colliers International. The sale price for the property was $4,300,000, with a lot size of 16,500 square feet, resulting in a price per square foot of $260.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $4,300,000
- Address: 3043 Harbor Drive, Fort Lauderdale
- Market: Fort Lauderdale
Gerard Yetming, Julian Zuniga, Mitash Kripalani, Virgilio Fernandez, and Nelson Ilceus from Colliers International played a key role as brokers in this transaction. Their expertise helped facilitate the successful sale of the development site.
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
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93