Chris Marchese, Nicholas Owen, Dominic Owen, Chris Owen & Mary Marchese Acquire Other Retail Property On Commercial Blvd In Fort Lauderdale For $7.2M
276 East Commercial Boulevard, Fort Lauderdale, Florida 33308, United States
$7,200,000
$838/SF
Building Size
8,584 SF
Asset Type
Other
Closing
Jun 20, 2022
About this deal
AI
The property at 276 E Commercial Blvd, Fort Lauderdale, FL was sold on June 21, 2022. The asset involved in the transaction is an other retail property with a total square footage of 8,584 square feet. The sale price for the property was $7,200,000, resulting in a price per square foot of $838.
Summary of transaction details
- Property Type: Other Retail
- Transaction Amount: $7,200,000
- Address: 276 E Commercial Blvd, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
The buyer of the property was Chris Marchese, Nicholas Owen, Dominic Owen, Chris Owen, and Mary Marchese. The seller of the property was Bianca Martinez.
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
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93