Richard Zahn Acquires Care Facilities In Fort Lauderdale For $3.35M
611 East 4th Avenue, Hialeah, Florida 33013, United States
$3,350,000
$1,901/SF
Building Size
1,762 SF
Asset Type
Other
Closing
Mar 31, 2022
About this deal
AI
The care facility located at 611 E 4th Ave in Fort Lauderdale, FL has been sold in a recent transaction. The property spans a total area of 1,762 square feet. The sale price for this asset was $3,350,000, resulting in a price per square foot of $1,901.
Summary of transaction details
- Property Type: Care Facilities
- Transaction Amount: $3,350,000
- Address: 611 E 4th Ave, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
The buyer in this transaction was Richard Zahn, while the seller was Arthur Bartholomew. Both parties were represented by their respective brokers in the deal.
On the Map
$3,350,000
$1,901/SF
Other
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Players
Hialeah 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
4.74%
Cash-on-Cash
-1.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93