Jenny Huang & Ivan Huang Acquire Restaurant/Bar On W Broward Blvd In Fort Lauderdale For $2.1M
1116 West Broward Boulevard, Fort Lauderdale, Florida 33312, United States
$2,100,000
$507/SF
Building Size
4,138 SF
Asset Type
Retail
Closing
May 30, 2022
About this deal
AI
The closed property transaction took place on May 31, 2022, in Fort Lauderdale, FL. The property involved is a Restaurant/Bar located at 1116 W Broward Blvd. The transaction was finalized with a selling price of $2,100,000. The property spans across 4,138 square feet, resulting in a price per square foot of $507.
Summary of transaction details
- Property Type: Restaurant/Bar
- Transaction Amount: $2,100,000
- Address: 1116 W Broward Blvd
- Market: Fort Lauderdale, FL
- Square Footage: 4,138
- Price per Square Foot: $507
Jenny Huang and Ivan Huang acted as the buyers in this transaction, while Greg Dwyer acted as the seller. The deal was successfully completed with these key individuals involved.
Players
Fort Lauderdale 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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93