Arthur Bartholomew Acquires Private School In Fort Lauderdale For $3.03M
SOLD
$3,030,000
Florida
See Similar DealsOther1,278 SF
Sold 02/17/2022
SOLD
Arthur Bartholomew Acquires Private School In Fort Lauderdale For $3.03M
642 Northwest 3rd Avenue, Fort Lauderdale, Florida 33311, United States
See Similar DealsOther1,278 SF
Sold 02/17/2022
Summary
FLORIDA
Asset Type:Other
Price Per Square Foot:$2,370
Total Square Footage:1,278 SF
Transaction Type:Sale
The private school located at 642 NW 3rd Ave in Fort Lauderdale, FL has been sold for $3,030,000. The property spans a total of 1,278 square feet, resulting in a price per square foot of $2,371.
Summary of transaction details
- Property Type: Private School
- Transaction Amount: $3,030,000
- Address: 642 NW 3rd Ave, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
- Square Footage: 1,278
- Price per Square Foot: $2,371
The buyer of the private school is Arthur Bartholomew, while the sellers are Richard A Barrett and Veronica B Tallent.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$161,599.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,764.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,363.75
Annual Debt Service$172,364.95
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