Port 1850 LLC Purchases Land From JV Nova Southeastern University For $1,250,000
1850 Ne 7th Ave
$1,250,000
Lot Size
223,707 SF
Asset Type
Land
Closing
Sep 30, 2019
About this deal
AI
The property asset involved in this transaction is a land parcel located at 1850 Ne 7th Ave in the Dania market. The sale concluded with a transaction amount of $1,250,000.00.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,250,000.00
- Buyer: Port 1850 LLC
- Seller: JV Nova Southeastern University
- Broker: Alejandro Snyder, Current Real Estate Advisors
- Sale Date: 09/30/2019
This transaction showcased the involvement of Port 1850 LLC as the buyer and JV Nova Southeastern University as the seller, with Alejandro Snyder representing the transaction from the brokerage side, providing facilitation in the deal.
On the Map
$1,250,000
Land
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Players
Dania Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93