Joseph Perez Acquires Retail Property On E Sunrise Blvd, Fort Lauderdale For $8.5M
SOLD
$8,500,000
Florida
See Similar DealsOther4,091 SF
Sold 04/15/2022
SOLD
Joseph Perez Acquires Retail Property On E Sunrise Blvd, Fort Lauderdale For $8.5M
1701 Sunrise Boulevard, Fort Lauderdale, Florida 33304, United States
See Similar DealsOther4,091 SF
Sold 04/15/2022
Summary
FLORIDA
Asset Type:Other
Price Per Square Foot:$2,077
Total Square Footage:4,091 SF
Transaction Type:Sale
The retail property located at 1701 E Sunrise Blvd in Fort Lauderdale has been sold for $8,500,000. The property, spanning 4,091 square feet, was purchased by Joseph Perez from seller Anand Aggarwal in a transaction that took place on April 15, 2022. The sale price per square foot was $2,078.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $8,500,000
- Address: 1701 E Sunrise Blvd
- Market: Fort Lauderdale
Rocio Mayo from Reiccommercial served as the buyer's representative in the deal, while Charles Moody from Horvath & Tremblay represented the seller, Anand Aggarwal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$453,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,198.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,294.34
Annual Debt Service$483,532.04
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