Mohamed Bahr Acquires Restaurant/Bar On Commercial Blvd In Fort Lauderdale For $4.9M
East Commercial Boulevard, Fort Lauderdale, Florida 33308, United States
$4,925,000
$1,811/SF
Building Size
2,719 SF
Asset Type
Retail
Closing
Apr 17, 2023
AI
Located at 1538 E Commercial Blvd in Fort Lauderdale, FL, this property is a Restaurant/Bar with a total area of 2,719 square feet. The transaction took place on March 24, 2022, with a selling price of $4,925,000. The price per square foot for this property is $1,811.
Summary of transaction details
- Property Type: Restaurant/Bar
- Transaction Amount: $4,925,000
- Address: 1538 E Commercial Blvd, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
- Buyer: Mohamed Bahr
- Seller: Judith Starchman
- Square Footage: 2,719
- Price per Square Foot: $1,811
Mohamed Bahr represented the buyer, and Judith Starchman was the seller in this transaction.
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
3.22%
Cash-on-Cash
-0.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93