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
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