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
Fort Lauderdale MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Lease transactions
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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