Moshe Oppenhein Acquires Mixed-Use Property In Fort Lauderdale For $15M
400 South Andrews Avenue, Fort Lauderdale, FL, USA
$15,000,000
$635/SF
Building Size
23,620 SF
Asset Type
Mixed-use
Closing
Aug 25, 2021
About this deal
AI
The mixed-use property located at 400-408 S Andrews Ave in Fort Lauderdale has been sold in a recent transaction. The property spans over 23,620 square feet and was purchased for a total price of $15,000,000, resulting in a price per square foot of $635.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $15,000,000
- Square Footage: 23,620
- Price Per Square Foot: $635
- Address: 400-408 S Andrews Ave, Fort Lauderdale
Moshe Oppenhein acted as the buyer in this transaction, acquiring the property from Ana, Krikor & Margrit Gazarian. Both parties were represented by their respective agents or agency.
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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93