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2414 E Sunrise Blvd, Fort L...

Shawnick Galleria LLC Acquires Retail Property In Fort Lauderdale For $17.1M
SOLDRetail

Shawnick Galleria LLC Acquires Retail Property In Fort Lauderdale For $17.1M

2414 E Sunrise Blvd, Fort Lauderdale, FL, USA

$17,100,000

$689/SF

Building Size

24,807 SF

Asset Type

Retail

Closing

Nov 16, 2021

AI

A retail property located at 2414 E Sunrise Blvd in Fort Lauderdale has been sold for $17,100,000. The property spans 24,807 square feet, resulting in a price per square foot of $689. The sale took place on November 16, 2021.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $17,100,000
  • Address: 2414 E Sunrise Blvd, Fort Lauderdale
  • Market: Fort Lauderdale

The buyer of the property is Shawnick Galleria LLC, and the seller is Stiles Corp. Representing the buyer in this transaction are David Donnellan and Patricia Friend from CBRE. On the seller's side, CBRE's David Donnellan and Patricia Friend were the brokers involved.

CBRE's Paul Ahmed and Mackenzie Lampman acted as mortgage brokers in this sale.

Players

Patricia Friend

CBRE

Broker

$190.2M

vol

15 deals

Broker
SC
Stiles CorpSeller

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

0.93%

Cash-on-Cash

-0.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93