SOLD
Vladislav Doronin Acquires Fort Lauderdale Development Site For $63M Including $33M Loan
629 Southeast Fifth Avenue, 633 South Federal Highway, Sixth Avenue, Fifth Terrace
Development Site
2,918,520 SF
2,918,520 SF
Sold 1 year ago
Summary
Sale
FLORIDA
Development Site
2,918,520 sqft
A development site located at 629 Southeast Fifth Avenue, 633 South Federal Highway, Sixth Avenue, and Fifth Terrace in Fort Lauderdale has been sold for $63,000,000. The property spans a total of 291,852 square feet and includes 251 units, resulting in a price per square foot of $215 and a per unit price of $250,996.
Summary of transaction details
- Property Type: Development
- Transaction Amount: $63,000,000
- Loan Amount: $33,000,000
- BSF: 291,852
- PPBSF: $215
- Units: 251
- PPU: $250,996
In this transaction, the lender MSD Partners, represented by Michael Dell, provided a loan amount of $33,000,000. The landlord of the property is identified as OKO, although no further information is available regarding this entity.
Players
All
4
Agents
3
Agencies
1
Details
SOLD
IMAGE: IMAGE: Vladislav Doronin
LOAN IMAGE: Vladislav Doronin & Michael Dell
DATE: 06/10/2020
ADDRESS: 629 Southeast Fifth Avenue, 633 South Federal Highway, Sixth Avenue, Fifth Terrace
MARKET: Fort Lauderdale
ASSET TYPE: Development site
PRICE: $63,000,000
LOAN AMOUNT: $33,000,000
BSF: 291,852
PPBSF: $215
UNITS: 251
PPU: $250,996
LENDER: MSD Partners – Michael Dell
LANDLORD: OKO […]View on map
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Address629 Southeast Fifth Avenue, 633 South Federal Highway, Sixth Avenue, Fifth Terrace
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