Charles L Palmer & George L Hanbury II Acquire Religious Institution In Fort Lauderdale For $3.48M
7601 Southwest 39th Street, Fort Lauderdale, Florida 33328, United States
$3,475,000
$59/SF
Building Size
58,725 SF
Asset Type
Other
Closing
Oct 6, 2022
About this deal
AI
A religious institution located at 7601 Sw 39th St in Fort Lauderdale, FL was recently sold. The property spans across 58,725 square feet and was purchased by Charles L Palmer and George L Hanbury II for a total price of $3,475,000, resulting in a price per square foot of $59.
Summary of transation details
- Property Type: Religious Institution
- Transaction Amount: $3,475,000
- Address: 7601 Sw 39th St, Fort Lauderdale, FL
- Buyer: Charles L Palmer & George L Hanbury II
- Seller: Gayle Caruso & Bruce Caruso
The buyers of the religious institution property were Charles L Palmer and George L Hanbury II. They acquired the property from Gayle Caruso and Bruce Caruso.
Players
Davie Other Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.56%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93