Holy Cross Hospital Acquires Retail Land From Holman Automotive In Fort Lauderdale For $13M
200 East Sunrise Boulevard
$13,000,000
$3,292/SF
Building Size
3,948 SF
Asset Type
Retail
Closing
Dec 4, 2025
About this deal
AI
The retail land sale at 200 East Sunrise Boulevard in Fort Lauderdale has been completed for a transaction amount of $13,000,000. The parcel size is 90,169 square feet, translating to a price per square foot land price of $144.17. This 2.07-acre property was previously home to a car dealership and is currently leased to the Christmas Palace, which is set to relocate in February 2026.
Summary of transaction details:
- Property Type: Retail Land Sale
- Transaction Amount: $13,000,000
- Buyer: Holy Cross Hospital
- Seller: Holman Automotive
- Broker: R. Stephen Hyatt - Berger Commercial Realty
- Broker: Miles Glasscock & Greg Gerber - JLL
- Square Footage: 90,169
- Price per Square Foot: $144.17
The buyer, Holy Cross Hospital, Inc., has plans to demolish the existing structure on the site. They aim to develop a two-story, 41,792-square-foot free-standing emergency room that will include diagnostic imaging services and an outpatient clinic, which is intended to enhance healthcare access in a rapidly growing area of Fort Lauderdale.
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
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93