Updated Oct 28, 2024
Jim Moran Foundation Acquires Development Site In Fort Lauderdale For $9.8M From Seller Craig Remar
4545 Federal Highway, Fort Lauderdale, Florida 33308, United States
$9,800,000
$140/SF
Building Size
70,000 SF
Asset Type
Development Site
Closing
Jan 14, 2022
About this deal
AI
The sale of a development site in Fort Lauderdale has been completed at a price of $9,800,000. The property, located at 4545 N Federal Hwy, spans over 2.44 acres. With a building square footage (BSF) of 70,000, the price per building square foot (PPBSF) comes out to be $140. The transaction took place on January 15, 2022.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $9,800,000
- Address: 4545 N Federal Hwy, Fort Lauderdale
- Market: Fort Lauderdale
- BSF: 70,000
- PPBSF: $140
- Acres: 2.44
The buyer of the property is the Jim Moran Foundation, while the seller is Craig Remar. The transaction was facilitated by Jeff Giblin of Douglas Elliman Palm Beach.
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
1.62%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93