Frank J. Strazzulla & Philip P. Strazzulla Acquire 8.5 Acre Marina In Fort Pierce For $5.8M
Florida A1A, Bridgeport Heights, North Palm Beach, FL, USA
$5,800,000
$15/SF
Building Size
370,260 SF
Asset Type
Other
Closing
Oct 11, 2021
About this deal
AI
The N. A1A Causeway Dr. Bridge marina in Fort Pierce has been sold for $5,800,000. Spanning across 8.5 acres, this transaction was facilitated by Frank J. Strazzulla and Philip P. Strazzulla of Coldwell Banker Commercial.
Summary of transaction details
- Property Type: Marina
- Transaction Amount: $5,800,000
- Address: N. A1A Causeway Dr. Bridge
- Market: Fort Pierce
- Acres: 8.5
Frank J. Strazzulla and Philip P. Strazzulla, representing Coldwell Banker Commercial, were the brokers involved in this sale. Their expertise and negotiation skills played a crucial role in finalizing the deal.
Players
Daytona Beach 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
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93