Updated Oct 28, 2024
PulteGroup Acquires 6.7 Acre Development Site In Plantation For $6.9M
777 American Express Way, Plantation, Florida 33324, United States
$6,900,000
Building Size
—
Asset Type
Development Site
Closing
Jul 24, 2022
About this deal
AI
777 American Express Way in Plantation has been sold in a recent transaction. The property is a development site covering an expansive area of 6.7 acres. The sale took place on July 25, 2022, and the sale price was $6,900,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $6,900,000
- Address: 777 American Express Way, Plantation
- Market: Plantation
- Buyer: PulteGroup - Andrew Maxey
- Seller: TM Real Estate Group
Andrew Maxey from PulteGroup represented the buyer in this transaction.
The development site sale at 777 American Express Way, Plantation, Florida 33324, United States in Fort Lauderdale, Florida sold for $6.9M in 2022. 777 American Express Way, Plantation, Florida 33324, United States is classified as Development Site on Traded. This page is the Fort Lauderdale, Florida file for the 777 American Express Way, Plantation, Florida 33324, United States development site sold: pricing, party profiles, and other closed development site comps from the same Fort Lauderdale sit in the Market section below. Filter that Fort Lauderdale development site set by closing date to see what else sold near 777 American Express Way, Plantation, Florida 33324, United States around 2022. Published consideration for 777 American Express Way, Plantation, Florida 33324, United States is $6.9M, dated 2022. Cite this PulteGroup Acquires 6.7 Acre Development Site In Plantation For $6.9M sale when underwriting similar development site product around Fort Lauderdale, Florida.
Players
Fort Lauderdale Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.30%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93