Midtown Capital Partners Acquires Levy’s Auto Parts In Fort Lauderdale For $9.4 Million
4 NW 7th St, Fort Lauderdale, FL, 33311
$9,400,000
Building Size
—
Asset Type
Other
Closing
Oct 12, 2020
About this deal
AI
The asset involved in the transaction is located at 4 NW 7th St, Fort Lauderdale, FL, 33311. The property was sold for a price of $9,400,000.00. The property has a square footage of 0 in the Fort Lauderdale market.
Summary of transation details:
- Property Type: Sale
- Transaction Amount: $9,400,000.00
- Address: 4 NW 7th St, Fort Lauderdale, FL, 33311
- Market: Fort Lauderdale
- Seller: Levy’s Auto Parts
- Buyer: Midtown Capital Partners
- Seller's Representative: Danny Ross
This transaction involved key parties including Midtown Capital Partners as the buyer and Levy’s Auto Parts as the seller. Danny Ross represented the seller in this closed deal.
On the Map
$9,400,000
Other
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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
1.69%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93