Andrew & Corey Shader Purchase Retail Property In Fort Lauderdale For $8.1M
2205 Wilton Drive, Fort Lauderdale, Florida 33305, United States
$8,105,000
$750/SF
Building Size
10,805 SF
Asset Type
Retail
Closing
Aug 29, 2022
AI
The retail property located at 2205-2227 Wilton Dr in Fort Lauderdale, FL has been sold. The transaction took place on August 30, 2022. The property spans approximately 10,805 square feet and was sold for a price of $8,105,000, resulting in a price per square foot value of $750.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $8,105,000
- Address: 2205-2227 Wilton Dr, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
The buyer of the retail property is Andrew Shader & Corey Shader, while the seller is Santino Battiata. Andrew Shader & Corey Shader were represented by their broker in this deal.
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
1.96%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93