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
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