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
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