facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Multifamily

/

Lease

/

421 NE 6th St, Fort Lauderd...

Union Investment Real Estate Leases 1660 Square Feet At 421 NE 6th St Fort Lauderdale
LEASEDMultiFamily

Union Investment Real Estate Leases 1660 Square Feet At 421 NE 6th St Fort Lauderdale

421 NE 6th St, Fort Lauderdale, FL, 33...

Building Size

1,660 SF

Asset Type

MultiFamily

Closing

Oct 5, 2022

AI

The property involved in this transaction is located at 421 NE 6th St, Fort Lauderdale, FL, and encompasses 1,660 square feet. The market in which this lease transaction occurred is Fort Lauderdale. The landlord for this property is Union Investment Real Estate.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Address: 421 NE 6th St, Fort Lauderdale, FL
  • Market: Fort Lauderdale
  • Landlord: Union Investment Real Estate
  • Square Feet: 1,660

In this transaction, the landlord's representatives include Kaley Tuning and Jaime Sturgis from Native Realty, with Danny Ross also involved as part of the representation team. Their expertise facilitated the lease agreement for the landlord.

Players

Jaime Sturgis

Native Realty

Broker

$243M

vol

48 deals

Broker
Union Investment
Union InvestmentLandlord

Fort Lauderdale MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93