Tricoastal Construction Acquires Mixed-Use Property In Fort Lauderdale For $2.25M
2495 East Commercial Boulevard, Fort Lauderdale, Florida 33308, United States
$2,250,000
$338/SF
Building Size
6,657 SF
Asset Type
Mixed-use
Closing
Dec 14, 2021
About this deal
AI
A mixed-use property located at 2495 East Commercial Boulevard in Fort Lauderdale has been sold for a price of $2,250,000. The property spans an area of 0.23 acres and offers a total of 6,657 square feet of space. The sale was completed on December 14, 2021.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,250,000
- Address: 2495 East Commercial Boulevard, Fort Lauderdale
- Market: Fort Lauderdale
- Area: 0.23 acres
Tricoastal Construction LLC has acquired the property from Rawworld Enterprises LLC. The sale was facilitated by Stephen Hyatt, representing Berger Commercial Realty/Corfac International.
The property, which encompasses 6,657 square feet, was sold for $2,250,000, at a price per square foot of $338.
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
7.05%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93