Leonor & Mcallen Jules Acquire Retail Property In Fort Lauderdale, FL For $2.2M
1316 Northeast 4th Avenue, Fort Lauderdale, Florida 33304, United States
$2,200,000
$315/SF
Building Size
6,970 SF
Asset Type
Retail
Closing
Oct 6, 2022
About this deal
AI
The retail property located at 1316-1322 NE 4th Ave in Fort Lauderdale, FL has been sold for $2,200,000. The property spans over 6,970 square feet, resulting in a price per square foot of $315. The transaction took place on October 7, 2022. The buyer, Leonor Jules & Mcallen Jules, acquired the property from the seller, Liberty First Corp.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $2,200,000
- Address: 1316-1322 NE 4th Ave, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
- Buyer: Leonor Jules & Mcallen Jules
- Seller: Liberty First Corp
- Square Footage: 6,970 SF
- Price per Square Foot: $315
The deal was facilitated by the representative of the buyer, Leonor Jules & Mcallen Jules, and the representative of the seller, Liberty First Corp.
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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93