Tricoastal Construction Acquires Mixed-Use Property In Fort Lauderdale For $2.25M
SOLD
$2,250,000
Florida
See Similar DealsMixed-use6,657 SF
Sold 12/14/2021
SOLD
Tricoastal Construction Acquires Mixed-Use Property In Fort Lauderdale For $2.25M
2495 East Commercial Boulevard, Fort Lauderdale, Florida 33308, United States
See Similar DealsMixed-use6,657 SF
Sold 12/14/2021
Summary
FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$338
Total Square Footage:6,657 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$120,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,993.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,666.15
Annual Debt Service$127,993.77
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