Joseph Perez Acquires Retail Property On E Sunrise Blvd, Fort Lauderdale For $8.5M
1701 Sunrise Boulevard, Fort Lauderdale, Florida 33304, United States
$8,500,000
$2,077/SF
Building Size
4,091 SF
Asset Type
Other
Closing
Apr 14, 2022
AI
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.
Players
Fort Lauderdale Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93