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2132 East Oakland Park Boul...

Abe Borujerdi Of American Building Engineers Acquires Retail Property From PNC Bank For $1.175M
SOLDRetail

Abe Borujerdi Of American Building Engineers Acquires Retail Property From PNC Bank For $1.175M

2132 East Oakland Park Boulevard

$1,175,000

$167/SF

Building Size

7,009 SF

Asset Type

Retail

Closing

Dec 3, 2024

AI

Abe Borujerdi of American Building Engineers acquired a retail property consisting of 7,009 square feet located at 2132-2200 East Oakland Park Boulevard in Fort Lauderdale for $1,175,000 from William S. Demchak of PNC Bank. The property, situated on a 0.79-acre lot and zoned B-1, was constructed in 1961.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $1,175,000
  • Square Footage: 7,009
  • Address: 2132-2200 East Oakland Park Boulevard
  • Market: Fort Lauderdale
  • PPSF: $168

The transaction was brokered by Dan Ross and Sara Dorfman from Native Realty, who facilitated the deal between the buyer and the seller without any debt recorded on the property.

Players

Sara Dorfman

Broker

$3.7M

vol

2 deals

Broker

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

13.50%

Cash-on-Cash

-3.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93