Updated Dec 3, 2024
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
About this deal
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.
On the Map
$18,250,000
Development Site
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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
0.87%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93