Robert Given Acquires Parking Asset In Fort Lauderdale For $11.25M
SOLD
Florida
See Similar DealsOther
Sold 03/29/2022
SOLD
Robert Given Acquires Parking Asset In Fort Lauderdale For $11.25M
409 SE 8th St, Fort Lauderdale, Florida 33301, United States
See Similar DealsOther
Sold 03/29/2022
Summary
FLORIDA
Asset Type:Other
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$600,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$39,968.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$53,330.74
Annual Debt Service$639,968.87
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