Hudson Capital Group And Charles Ladd Jr. Acquire Mixed-Use Property On East Las Olas Blvd For $7M
1103 East Las Olas Boulevard, Fort Lauderdale, Florida 33301, United States
$7,000,000
$949/SF
Building Size
7,373 SF
Asset Type
Mixed-use
Closing
Mar 27, 2022
About this deal
AI
1103 East Las Olas Boulevard in Fort Lauderdale has been sold in a closed transaction. The mixed-use property was purchased by Steven Hudson of Hudson Capital Group and Charles Ladd Jr. The seller was Black Bay LLC, represented by Ricardo Carozzi. The sale price for the property was $7,000,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $7,000,000
- Buyer: Steven Hudson - Hudson Capital Group & Charles Ladd Jr.
- Seller: Black Bay LLC - Ricardo Carozzi
Steven Hudson, together with Charles Ladd Jr., acquired 1103 East Las Olas Boulevard in Fort Lauderdale. The seller, Black Bay LLC, was represented by Ricardo Carozzi in the transaction.
On the Map
$7,000,000
$949/SF
Mixed-use
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Players
Fort Lauderdale Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93