facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Retail

/

Sale

/

1771 South State Road 7, Fo...

Sperry Commercial/RJ Realty Sells Fort Lauderdale Retail And Office Assets For $4.7M
SOLDRetail

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.

Players

Ron Osborne

Sperry Commercial Global Affiliates I RJ Realty

Broker

$56.8M

vol

17 deals

Broker

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