facebook
Traded Co logo
Submit

Safe Harbor Marinas Acquires Mixed-Use Property In Fort Lauderdale For $340M

Property Image
SOLD
$340,000,000

Florida

See Similar Deals
Mixed-use2,613,600 SF
Sold 04/03/2021
the dealdetailscomps
Property Image
SOLD

Safe Harbor Marinas Acquires Mixed-Use Property In Fort Lauderdale For $340M

2029 Southwest 20th Street, Fort Lauderdale, FL, USA

See Similar Deals
Mixed-use2,613,600 SF
Sold 04/03/2021
the dealdetailscomps

Summary

FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$130
Total Square Footage:2,613,600 SF
Transaction Type:Sale

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.

Players

Carlyle Group
Carlyle Group
SELLER

Details

SOLD
IMAGE: Kewsong Lee & Safe Harbor Marinas DATE: 04/03/2021 ADDRESS: 2029 SW 20th Street MARKET: Fort Lauderdale ASSET TYPE: Mixed-use BUYER: Safe Harbor Marinas - Baxter Underwood SELLER: The Carlyle Group PRICE: $340,000,000 ACRES: 60 ~ PPA: $5,666,667

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$18,133,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$1,207,948.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$1,611,773.46
Annual Debt Service$19,341,281.52