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1879 State Road 7, Fort Lau...

Yoram Izhak & Sender Shub Acquire Bank/Credit Unions Property In Fort Lauderdale, FL For $2.3M
SOLDOther

Yoram Izhak & Sender Shub Acquire Bank/Credit Unions Property In Fort Lauderdale, FL For $2.3M

1879 State Road 7, Fort Lauderdale, Florida 33317, United States

$2,300,000

$88/SF

Building Size

25,976 SF

Asset Type

Other

Closing

May 1, 2022

AI

A bank/credit union property located at 1879 N State Road 7 in Fort Lauderdale, FL was recently sold for a price of $2,300,000. The property, with a total square footage of 25,976, was purchased by Yoram Izhak & Sender Shub. The transaction resulted in a price per square foot of $88.

Summary of transaction details:

  • Property Type: Bank/Credit Unions
  • Transaction Amount: $2,300,000
  • Address: 1879 N State Road 7, Fort Lauderdale, FL
  • Market: Fort Lauderdale, FL
  • Buyer: Yoram Izhak & Sender Shub
  • Seller: Brightstar Credit Union & Broward Schools Credit Union
  • Square Footage: 25,976
  • Price per Square Foot: $88

The buyers of the property, Yoram Izhak & Sender Shub, acquired the bank/credit union property located at 1879 N State Road 7 in Fort Lauderdale, FL. The sellers of the property were Brightstar Credit Union & Broward Schools Credit Union.

Players

Yoram Izhak

Buyer

$481.5M

vol

21 deals

Buyer
BU
Brightstar Credit UnionSeller

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

6.90%

Cash-on-Cash

-1.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93