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
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
Loading comparables…
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