Height Advisors Acquires Fort Lauderdale Property In $14.5M Package Deal
111 Southwest 3rd Avenue, Homestead, FL 33030, USA
$14,500,000
$175/SF
Building Size
82,852 SF
Asset Type
Retail
Closing
Nov 18, 2021
AI
A package deal in Fort Lauderdale consisting of two properties located at 100-110 SW 3rd Ave and 111 SW 3rd Ave has been sold. The transaction took place on 11/18/2021.
Summary of transaction details
- Property Type: Package Deal
- Transaction Amount: $14,500,000
- Square Footage: 82,852
- Price per Square Foot: $175
- Market: Fort Lauderdale
The buyer in this transaction was Height Advisors, while the seller was 111 Property Group represented by Greg Berkowitz. The deal was facilitated by Bradley Arendt and Mika Mattingly from Colliers.
The package deal, with a sale price of $14,500,000, involved a total area of 82,852 square feet. The properties are located at 100-110 SW 3rd Ave and 111 SW 3rd Ave in Fort Lauderdale.
Players
Homestead Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.09%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93