Prabhu Anand Acquires Retail Property In Fort Lauderdale For $2.9M
2152 W Oakland Park Blvd Oakland Park, FL 33311, USA
$2,900,000
$238/SF
Building Size
12,160 SF
Asset Type
Retail
Closing
Aug 10, 2023
About this deal
AI
An 12,160 square foot retail property located at 2152-2192 W Oakland Park Blvd in Fort Lauderdale has been sold for $2,900,000. The property was purchased by Prabhu Anand from the seller, Raphael Blum. The transaction was facilitated by brokers Elon Gerberg, Adam H. Klein, and Cleveland Sainpreux of SVN. The property has a price per square foot (PPSF) of $239.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,900,000
- Address: 2152-2192 W Oakland Park Blvd, Fort Lauderdale
- Market: Fort Lauderdale
- Square Footage: 12,160
- Price Per Square Foot (PPSF): $239
- Buyer: Prabhu Anand
- Seller: Raphael Blum
- Brokers: Elon Gerberg, Adam H. Klein, Cleveland Sainpreux - SVN
The transaction involved the sale of a retail property on W Oakland Park Blvd in Fort Lauderdale. Prabhu Anand purchased the property from Raphael Blum for a total of $2,900,000. The property spans 12,160 square feet and has a price per square foot of $239. The deal was facilitated by brokers Elon Gerberg, Adam H. Klein, and Cleveland Sainpreux, who represented the respective parties involved.
Players
Oakland Park 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
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93