220145 LLC Acquires Development Site In Fort Lauderdale For $7.2M
SOLD
$7,225,000
Florida
See Similar DealsDevelopment Site73,595 SF
Sold 05/31/2022
SOLD
220145 LLC Acquires Development Site In Fort Lauderdale For $7.2M
901 E Sunrise Blvd, Fort Lauderdale, Florida 33304, United States
See Similar DealsDevelopment Site73,595 SF
Sold 05/31/2022
Summary
FLORIDA
Asset Type:Development Site
Price Per Square Foot:$98
Total Square Footage:73,595 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$385,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,668.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,250.19
Annual Debt Service$411,002.23
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