220145 LLC Acquires Development Site In Fort Lauderdale For $7.2M
901 E Sunrise Blvd, Fort Lauderdale, Florida 33304, United States
$7,225,000
$98/SF
Building Size
73,595 SF
Asset Type
Development Site
Closing
May 30, 2022
AI
A development site located at 901 East Sunrise Boulevard in Fort Lauderdale has been sold for a price of $7,225,000. The property spans a total of 73,595 square feet with a price per square foot of $98. The sale was completed on May 31, 2022.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $7,225,000
- Address: 901 East Sunrise Boulevard, Fort Lauderdale
- Market: Fort Lauderdale
- Buyer: 220145 LLC
- Seller: RWL 8, LLC
- Buyer's Representative: Kimberly Barbar - Stiles Realty Co.
- Seller's Representative: Stephen Hyatt - Berger Commercial Realty /Corfac International
- Building Square Footage: 73,595 sqft
- Price per Square Foot: $98
Kimberly Barbar from Stiles Realty Co. represented the buyer, 220145 LLC, in the transaction. Stephen Hyatt from Berger Commercial Realty/Corfac International represented the seller, RWL 8, LLC.
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
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93