Safe Harbor Marinas Acquires Mixed-Use Property In Fort Lauderdale For $340M
2029 Southwest 20th Street, Fort Lauderdale, FL, USA
$340,000,000
$130/SF
Building Size
2,613,600 SF
Asset Type
Mixed-use
Closing
Apr 2, 2021
About this deal
AI
Kewsong Lee & Safe Harbor Marinas sold a mixed-use property located at 2029 SW 20th Street in Fort Lauderdale. The transaction took place on April 3, 2021. The property spans across 60 acres and was sold for a total price of $340,000,000, resulting in a price per acre of $5,666,667.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $340,000,000
- Address: 2029 SW 20th Street, Fort Lauderdale
- Market: Fort Lauderdale
The buyer of the property is Safe Harbor Marinas, represented by Baxter Underwood. The seller in this transaction is The Carlyle Group.
On the Map
$340,000,000
$130/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
0.05%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93