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3043 Harbor Drive, Fort Lau...

Camaco, Inc. Acquires Development Site On Harbor Drive In Fort Lauderdale For $4.3M
SOLDDevelopment Site

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

Julian Zuniga

Colliers

Broker

$102M

vol

16 deals

Broker

Jean Campeau

Buyer

$13.6M

vol

2 deals

Buyer

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