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
Fort Lauderdale Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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