Midtown Capital Partners Acquires Levy’s Auto Parts In Fort Lauderdale For $9.4 Million
SOLD
$9,400,000
Florida
See Similar DealsOther
Sold 10/12/2020
SOLD
Midtown Capital Partners Acquires Levy’s Auto Parts In Fort Lauderdale For $9.4 Million
4 NW 7th St, Fort Lauderdale, FL, 33311
See Similar DealsOther
Sold 10/12/2020
Summary
FLORIDA
Asset Type:Other
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$501,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$33,396.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$44,560.80
Annual Debt Service$534,729.55
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