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
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