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2800 NW 56th Ave, Lauderhil...

Tonco Partners Sells Package Deal In Lauderhill For $2.2M
SOLDOther

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

Alfredo Riascos

Gridline Properties

Broker

$331.2M

vol

49 deals

Broker

Max Tonconogy

Tonco Partners

Seller

$5.6M

vol

3 deals

Seller

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