Michelle Donato Acquires Retail Property In Fort Lauderdale For $3.28M
2629 Weston Rd, Fort Lauderdale, FL, USA
$3,275,000
$524/SF
Building Size
6,239 SF
Asset Type
Retail
Closing
Oct 3, 2021
About this deal
AI
The retail property located at 2629 Weston Rd in Fort Lauderdale has been sold in a recent transaction. The property spans 6,239 square feet and was sold for a price of $3,275,000, resulting in a price per square foot of $525.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $3,275,000
- Address: 2629 Weston Rd, Fort Lauderdale
- Market: Fort Lauderdale
Michelle Donato was the buyer in the transaction, while Charles J & Jeanette Bonfiflio Family Limited Partnership III acted as the seller. Both parties were represented by their respective brokers or representatives.
Players
Weston 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
4.84%
Cash-on-Cash
-1.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93