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2541 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

2541 E Sunrise Blvd, Fort Lauderdale, FL, USA

$17,100,000

$689/SF

Building Size

24,807 SF

Asset Type

Retail

Closing

Nov 15, 2021

AI

The retail property located at 2541-2595 E. Sunrise Blvd in Fort Lauderdale has been sold in a recent transaction. The property spans an area of 1.54 acres, providing ample space for retail activities.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $17,100,000
  • Square Footage: 24,807
  • Price per Square Foot: $689
  • Address: 2541-2595 E. Sunrise Blvd, Fort Lauderdale
  • Market: Fort Lauderdale

The buyer in this transaction is Shawnick Galleria LLC, represented by Esmail Shahid. The seller is Stiles Corp. CBRE played a key role in facilitating the deal, with Paul Ahmed, Mackenzie Lampman, David Donnellan, and Patricia Friend serving as brokers.

Players

Paul Ahmed

CBRE

Broker

$262.9M

vol

13 deals

Broker

Esmail Shahid

Buyer

$34.2M

vol

2 deals

Buyer
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