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Brian Tageson Acquires CAre Facility In Fort Lauderdale For $2.3M

Property Image
SOLD
$2,300,000

Florida

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Other3 SF
Sold 07/12/2022
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Property Image
SOLD

Brian Tageson Acquires CAre Facility In Fort Lauderdale For $2.3M

408 W 7th Ave, Fort Lauderdale, USA

See Similar Deals
Other3 SF
Sold 07/12/2022
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Other
Price Per Square Foot:$766,666
Total Square Footage:3 SF
Transaction Type:Sale

A care facility located at 408 W 7th Ave in Fort Lauderdale has been sold for $2,300,000. The property spans 3,539 square feet, resulting in a price per square foot of $649.

Summary of transaction details

  • Property Type: Care Facility
  • Transaction Amount: $2,300,000
  • Address: 408 W 7th Ave, Fort Lauderdale
  • Price Per Square Foot: $649

The buyer of the care facility is Brian Tageson, while the seller is Daniel Cohen.

Players

DC
Daniel Cohen
10 deals$36.7M volume
SELLER
DC
Daniel Cohen
10 deals$36.7M volume
SELLER

Details

SOLD
IMAGE: 12/07/2022 ADDRESS: 408 W 7th Ave MARKET: Fort Lauderdale ASSET TYPE: CAre Facility BUYER: Brian Tageson SELLER: Daniel Cohen PRICE: $2,300,000 SF: 3,539 ~ PPSF: $649

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$122,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,171.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,903.17
Annual Debt Service$130,838.08