Kushner Companies Acquires Mixed-Use Property In Fort Lauderdale For $49M
200 W Broward Blvd, Fort Lauderdale, FL, USA
$49,000,000
$267/SF
Building Size
182,952 SF
Asset Type
Mixed-use
Closing
Oct 1, 2019
About this deal
AI
The mixed-use property located at 200, 300, and 520 W. Broward Blvd. in Fort Lauderdale has been sold in a recent transaction. The property was sold by Swire Properties, a Hong Kong-based company, to Kushner Companies. The transaction took place on October 2, 2019.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $49,000,000
- Address: 200, 300, and 520 W. Broward Blvd., Fort Lauderdale
- Market: Fort Lauderdale
- Seller: Swire Properties
- Buyer: Kushner Companies
- BSF (Building Square Footage): 182,952
- PPBSF (Price per Building Square Foot): $267
Charlie Kushner, Nicole Kushner, and Laurent Morali were involved in the transaction, representing Kushner Companies. Additional details about the deal's key individuals and companies are not available.
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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93