Sperry Commercial/RJ Realty Sells Fort Lauderdale Retail And Office Assets For $4.7M
1771 South State Road 7, Fort Lauderdale, FL, USA
$4,725,000
$99/SF
Building Size
47,351 SF
Asset Type
Retail
Closing
Aug 11, 2021
AI
Ron Osborne of Sperry Commercial/RJ Realty represented the buyers and sellers in a recent transaction involving a retail and office property in Fort Lauderdale, Lauderdale Lakes, and Plantation. The property, located at 1771 S State Road 7, 3297 W Oakland Park Blvd, and 510 S State Road 7, spans a total of 47,351 square feet.
Summary of transaction details
- Property Type: Retail & Office
- Sale Price: $4,725,000
- Address: 1771 S State Road 7, 3297 W Oakland Park Blvd & 510 S State Road 7
- Market: Fort Lauderdale, Lauderdale Lakes & Plantation
The transaction closed on August 12, 2021, with a sale price of $4,725,000. The property consists of retail and office spaces, making it a versatile asset in the market. Ron Osborne, a broker from Sperry Commercial/RJ Realty, successfully facilitated the deal between the involved parties.
Fort Lauderdale Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.36%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93