Christopher J. Hauhuth & Mario R. Reyna Jr Acquire Bank/Credit Unions Property In Fort Lauderdale,FL For $7.26M
SOLD
$7,260,000
Florida
See Similar DealsOther4,022 SF
Sold 03/16/2022
SOLD
Christopher J. Hauhuth & Mario R. Reyna Jr Acquire Bank/Credit Unions Property In Fort Lauderdale,FL For $7.26M
Northwest 62nd Street, Fort Lauderdale, Florida 33309, United States
See Similar DealsOther4,022 SF
Sold 03/16/2022
Summary
FLORIDA
Asset Type:Other
Price Per Square Foot:$1,805
Total Square Footage:4,022 SF
Transaction Type:Sale
The bank/credit unions located at 665 NW 62nd St in Fort Lauderdale, FL has been sold. The transaction took place on March 16, 2022.
Summary of transaction details:
- Property Type: Bank/Credit Unions
- Transaction Amount: $7,260,000
- Square Footage: 4,022
- Price per Square Foot (PPSF): $1,805
- Address: 665 NW 62nd St, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
The buyer of the property is Christopher J. Hauhuth and Mario R. Reyna Jr, while the sellers are Ajay Agarwal and Anand Aggarwal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$387,199.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,793.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,416.10
Annual Debt Service$412,993.25
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