Kevin Jackson Acquires Office Building In Fort Lauderdale For $2.3M
1140 East 3rd Avenue, Tampa, Florida 33605, United States
$2,300,000
$421/SF
Building Size
5,461 SF
Asset Type
Retail
Closing
Apr 18, 2022
About this deal
AI
An office building located at 1136-1140 E 3rd Ave in Fort Lauderdale, FL was recently sold for a price of $2,300,000. The building has a total area of 5,461 square feet, resulting in a price per square foot of $421. The transaction took place on 04/19/2022.
Summary of transaction details
- Property Type: Office Building
- Transaction Amount: $2,300,000
- Address: 1136-1140 E 3rd Ave, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
- SF: 5,461
- PPSF: $421
The buyer of the property is Kevin Jackson, while the seller is Rick E Bruns.
Players
Tampa 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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93