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2495 East Commercial Boulev...

Tricoastal Construction Acquires Mixed-Use Property In Fort Lauderdale For $2.25M
SOLDMixed-use

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

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

R. Stephen Hyatt

Berger Commercial Realty

Broker

$111.9M

vol

19 deals

Broker
Berger Realty
Berger RealtyBrokerage

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