Florida Property Rd LLC Purchases Land From James Fulford In Fort Lauderdale For $1.8M
4400 Sw 42nd Ter
$1,800,000
Building Size
—
Asset Type
Land
Closing
Feb 14, 2022
AI
The asset involved in this transaction is a land parcel located at 4400 Sw 42nd Ter in Fort Lauderdale. The transaction price for this property was $1,800,000.00.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,800,000.00
- Buyer: Florida Property Rd LLC
- Seller: James Fulford
- Broker: Elad Barokas - AXIOM Capital Advisors
- Date of Transaction: 02/14/2022
The deal was facilitated by Elad Barokas, representing AXIOM Capital Advisors. The transaction reflects a straightforward exchange between Florida Property Rd LLC as the buyer and James Fulford as the seller, with no additional representation mentioned in the context.
Players
Fort Lauderdale 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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93