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
$14,200,000
$4,542/SF
Building Size
3,126 SF
Asset Type
Retail
Closing
Jul 14, 2022
AI
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.
Plantation 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
1.12%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93