Robert Given Acquires Parking Asset In Fort Lauderdale For $11.25M
409 SE 8th St, Fort Lauderdale, Florida 33301, United States
$11,250,000
Building Size
—
Asset Type
Other
Closing
Mar 28, 2022
AI
The property asset involved in this transaction is a parking facility located at 409 E 8th St, Fort Lauderdale, FL. The asset was sold at a price of $11,250,000.
Summary of transaction details:
- Property Type: Parking
- Transaction Amount: $11,250,000
- Buyer: Robert Given
- Seller: Curley Lee Bonds II & Rodney Lorne Wright Michael Weinstein
- Sale Date: 03/29/2022
This deal involved notable individuals in the real estate market, with Robert Given as the buyer, and Curley Lee Bonds II, Rodney Lorne Wright, and Michael Weinstein representing the seller in the transaction.
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
1.41%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93