Promociones 96 Inc Acquires Retail Property In Fort Lauderdale For $7.28M
SOLD
$7,280,000
+ 1
Florida
See Similar DealsRetail75,438 SF
Sold 01/02/2020
SOLD
Promociones 96 Inc Acquires Retail Property In Fort Lauderdale For $7.28M
2620 W Broward Blvd, Fort Lauderdale, FL, USA
See Similar DealsRetail75,438 SF
Sold 01/02/2020
+ 1
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$96
Total Square Footage:75,438 SF
Transaction Type:Sale
Located at 2620 West Broward Blvd in Fort Lauderdale, this retail property was recently sold in a transaction that took place on January 2, 2020. The property, measuring 75,438 square feet, was purchased by Promociones 96 Inc from the seller, Northbridge Investment Management, for a total price of $7,280,000. This translates to a price per square foot of $96.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,280,000
- Address: 2620 West Broward Blvd
- Market: Fort Lauderdale
The deal was facilitated by JLL, with Michael Brewster, Brad Peterson, Marc Mandel, and Steve Schrenk representing both the buyer, Promociones 96 Inc, and the seller, Northbridge Investment Management - Stuart Lazier.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$388,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,864.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,510.91
Annual Debt Service$414,130.97
Is there something missing? Send suggestions