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Prabhu Anand Acquires Retail Property In Fort Lauderdale For $2.9M

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SOLD
$2,900,000
Elon Gerberg
Adam H. Klein
+ 1

Florida

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Retail12,160 SF
Sold 08/10/2023
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Property Image
SOLD

Prabhu Anand Acquires Retail Property In Fort Lauderdale For $2.9M

2152 W Oakland Park Blvd Oakland Park, FL 33311, USA

See Similar Deals
Retail12,160 SF
Sold 08/10/2023
Elon Gerberg
Adam H. Klein
+ 1
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$238
Total Square Footage:12,160 SF
Transaction Type:Sale

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

Adam H. Klein
38 deals$129.8M volume(516) 445-3070
BROKER

Elon Gerberg
39 deals$144.2M volume(954) 299-9556
BROKER

Cleveland Sainpreux
SVN
11 deals$28.9M volume(954) 661-4170
BROKER

Details

SOLD
IMAGE: Adam H. Klein, Elon Gerberg & Cleveland Sainpreux DATE: 08/10/2023 ADDRESS: 2152-2192 W Oakland Park Blvd MARKET: Fort Lauderdale ASSET TYPE: Retail BUYER: Prabhu Anand SELLER: Raphael Blum BROKERS: Elon Gerberg (@Edgofroi), Adam H. Klein (@Adamklein.Roigroup) & Cleveland Sainpreux (@ClevelandSainpreux) - SVN (@SVNMiami) SALE PRICE: $2,900,000 SF: 12,160 ~ PPSF: $239 .Klein

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$154,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,303.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,747.48
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