Hudson Capital Group And Charles Ladd Jr. Acquire Mixed-Use Property On East Las Olas Blvd For $7M
SOLD
$7,000,000
Florida
See Similar DealsMixed-use7,373 SF
Sold 03/28/2022
SOLD
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
See Similar DealsMixed-use7,373 SF
Sold 03/28/2022
Summary
FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$949
Total Square Footage:7,373 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$373,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,869.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,183.57
Annual Debt Service$398,202.85
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