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

Property Image
SOLD
$2,300,000

Florida

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Other25,976 SF
Sold 05/02/2022
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Property Image
SOLD

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

See Similar Deals
Other25,976 SF
Sold 05/02/2022
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Summary

FLORIDA
Asset Type:Other
Price Per Square Foot:$88
Total Square Footage:25,976 SF
Transaction Type:Sale

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

18 deals$433.3M volume
BUYER

SELLER

Details

SOLD
IMAGE: 05/02/2022 ADDRESS: 1879 N State Road 7 MARKET: Fort Lauderdale, FL ASSET TYPE: Bank/Credit Unions BUYER: Yoram Izhak & Sender Shub SELLER: Brightstar Credit Union & Broward Schools Credit Union PRICE: $2,300,000 SF: 25,976 ~ PPSF: $88

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$122,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,171.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,903.17
Annual Debt Service$130,838.08