Michael C. Huntress Acquires Retail Property In Fort Lauderdale For $3.16M
199 NW 5th Ave, Fort Lauderdale, FL, USA
$3,160,001
$647/SF
Building Size
4,880 SF
Asset Type
Retail
Closing
Jun 24, 2021
About this deal
AI
The retail property located at 199 NW 5th Ave in Fort Lauderdale has been sold for a price of $3,160,001. The property has a total area of 4,880 square feet, resulting in a price per square foot of $648.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,160,001
- Square Footage: 4,880
- Price per Square Foot: $648
- Address: 199 NW 5th Ave, Fort Lauderdale
- Market: Fort Lauderdale
Michael C. Huntress has purchased the property from Richard, Amanda & Chelsea Mercede.
Please note that no additional information is available regarding this transaction.
Players
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
5.02%
Cash-on-Cash
-1.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93