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520 West Broward Boulevard

Woodfield Development Acquires Development Site In Fort Lauderdale For $18.25M
SOLDDevelopment Site

Woodfield Development Acquires Development Site In Fort Lauderdale For $18.25M

520 West Broward Boulevard

$18,250,000

Building Size

Asset Type

Development Site

Closing

Dec 16, 2022

AI

The Development Site located at 520 West Broward Boulevard in Fort Lauderdale has been sold for a total price of $18,250,000. The property spans 34,532 square feet, resulting in a price per square foot of $528.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $18,250,000
  • Address: 520 West Broward Boulevard, Fort Lauderdale
  • Market: Fort Lauderdale

Woodfield Development has acquired the property from Kushner Companies. Moushumi "Chinni" Ganguli from CityLights RE, Inc. acted as the buyer's representative for Woodfield Development, while Don Ginsburg and Michael Lewin from Katalyst Real Estate & Development represented the seller, Kushner Companies.

Players

Don Ginsburg

Katalyst Real Estate & Development

Broker

$222.1M

vol

14 deals

Broker
Kushner Companies
Kushner CompaniesBrokerage
Kushner Companies
Kushner CompaniesSeller

Fort Lauderdale Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.87%

Cash-on-Cash

-0.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93