Mohamed Bahr Acquires Restaurant/Bar On Commercial Blvd In Fort Lauderdale For $4.9M
SOLD
$4,925,000
Florida
See Similar DealsRetail2,719 SF
SOLD
Mohamed Bahr Acquires Restaurant/Bar On Commercial Blvd In Fort Lauderdale For $4.9M
East Commercial Boulevard, Fort Lauderdale, Florida 33308, United States
See Similar DealsRetail2,719 SF
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$1,811
Total Square Footage:2,719 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$262,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,497.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,347.01
Annual Debt Service$280,164.15
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