facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Multifamily

/

Sale

/

Fort Lauderdale, Florida, U...

Jay Adair - Copart Acquires Single Family Property In Fort Lauderdale For $15.5M
SOLDMultiFamily

Jay Adair - Copart Acquires Single Family Property In Fort Lauderdale For $15.5M

Fort Lauderdale, Florida, United States

$15,500,000

Building Size

Asset Type

MultiFamily

Closing

Dec 23, 2021

AI

A single-family property located in Fort Lauderdale is currently under contract. The property spans across approximately 1 acre of land. The transaction involves a sale, with the buyer and seller identified as Tammi Adair and Larry Don Davis, respectively. The sale price for the property is $15,500,000.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $15,500,000
  • Market: Fort Lauderdale
  • Under Contract Date: 12/23/2021

Representing the buyer, Tammi Adair, is Jay Adair from Copart. Scott Patterson from Berkshire Hathaway HomeServices EWM Realty serves as the buyer's representative. On the seller's side, the representatives are Barbara Panton and Mobley McClellan from Fisher McClellan Real Estate. Their involvement in the deal adds valuable expertise and guidance to the transaction.

Players

Tim Elmes

Compass

Broker

$364.5M

vol

16 deals

Broker
Castellan Capital
Castellan CapitalLender

Fort Lauderdale MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.02%

Cash-on-Cash

-0.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93