Charles M. Fulenwider II Acquires Restaurant On Powerline Rd In Deerfield Beach For $2.4M
177 North Powerline Road, Deerfield Beach, Florida 33442, United States
$2,400,000
$852/SF
Building Size
2,815 SF
Asset Type
Retail
Closing
May 24, 2022
About this deal
AI
The property involved in this transaction is a restaurant located at 177 N Powerline Rd in Deerfield Beach, FL. It was sold on May 25, 2022.
Summary of transaction details
- Property Type: Restaurant
- Sale Price: $2,400,000
- Total Square Footage: 2,815
- Price per Square Foot: $852
- Address: 177 N Powerline Rd, Deerfield Beach, FL
- Market: Deerfield Beach, FL
The buyer in this transaction is Charles M. Fulenwider II and the seller is Charles Dudley.
The retail sale at 177 North Powerline Road, Deerfield Beach, Florida 33442, United States in Deerfield Beach, Florida sold for $2.4M in 2022. The building is 2,815 square feet, implying about 852 per square foot on the published price. This page is the Deerfield Beach, Florida file for the 177 North Powerline Road, Deerfield Beach, Florida 33442, United States retail sold: pricing, party profiles, and other closed retail comps from the same Deerfield Beach sit in the Market section below. Filter that Deerfield Beach retail set by closing date to see what else sold near 177 North Powerline Road, Deerfield Beach, Florida 33442, United States around 2022. Published consideration for 177 North Powerline Road, Deerfield Beach, Florida 33442, United States is $2.4M, dated 2022. Cite this Charles M. Fulenwider II Acquires Restaurant On Powerline Rd In Deerfield Beach For $2.4M sale when underwriting similar retail product around Deerfield Beach, Florida.
Players
Deerfield Beach Retail Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93