Justin Landau & Geoffrey Karas Acquire Automotive Property In Fort Lauderdale, FL For $14.2M
SOLD
$14,200,000
Florida
See Similar DealsRetail3,126 SF
Sold 07/15/2022
SOLD
Justin Landau & Geoffrey Karas Acquire Automotive Property In Fort Lauderdale, FL For $14.2M
2250 North Nob Hill Road, Fort Lauderdale, Florida 33322, United States
See Similar DealsRetail3,126 SF
Sold 07/15/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$4,542
Total Square Footage:3,126 SF
Transaction Type:Sale
The automotive property located at 2250 N Nob Hill Rd in Fort Lauderdale, FL has been sold for $14,200,000. The property spans 3,126 square feet, resulting in a price per square foot of $4,542.
Summary of transaction details:
- Property Type: Automotive
- Transaction Amount: $14,200,000
- Address: 2250 N Nob Hill Rd, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
- Buyer: Justin Landau & Geoffrey Karas
- Seller: Ali Jose De Castro Rouse & Ramon Jose De Castro Rouse
- Square Footage: 3,126
- Price per Square Foot: $4,542
Justin Landau & Geoffrey Karas were the buyers of the property, while Ali Jose De Castro Rouse & Ramon Jose De Castro Rouse were the sellers. The transaction took place on July 15, 2022 in Fort Lauderdale, FL.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$757,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$50,449.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$67,315.24
Annual Debt Service$807,782.93
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