Tonco Partners Sells Package Deal In Lauderhill For $2.2M
2800 NW 56th Ave, Lauderhill, FL, USA
$2,212,000
$100/SF
Building Size
22,000 SF
Asset Type
Other
Closing
Aug 27, 2021
AI
A package deal transaction was recently closed in Lauderhill, involving an asset located at 2800 NW 56 Ave. The property spans approximately 22,000 square feet and was sold for a total of $2,212,000, resulting in a price per square foot of $101. The sale took place on 08/27/2021.
Summary of transaction details
- Property Type: Package Deal
- Transaction Amount: $2,212,000
- Address: 2800 NW 56 Ave, Lauderhill
- Square Footage: 22,000
- Seller: Tonco Partners - Max Tonconogy
- Seller's Representative: Mateo Romero & Alfredo Riascos - Gridline Properties
Mateo Romero and Alfredo Riascos, representing Gridline Properties, assisted Max Tonconogy of Tonco Partners in the sale of the property. They played a crucial role in facilitating the transaction, ensuring a smooth process for both the buyer and the seller.
Players
Lauderhill 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
7.17%
Cash-on-Cash
-2.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93