Sunrise FTL Ventures Acquires Retail Property In Fort Lauderdale For $7.2M
2828 East Sunrise Boulevard, Fort Lauderdale, FL, USA
$7,200,000
$1,468/SF
Building Size
4,903 SF
Asset Type
Retail
Closing
Mar 18, 2021
About this deal
AI
The retail property located at 2828-2908 E Sunrise Blvd in Fort Lauderdale has been sold for a price of $7,200,000. The property spans across 1.26 acres, resulting in a price per acre of $5,714,286. The sale took place on March 19, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $7,200,000
- Address: 2828-2908 E Sunrise Blvd, Fort Lauderdale
- Market: Fort Lauderdale
The buyer of the property was Sunrise FTL Ventures, while Esposito Enterprises acted as the seller. The deal was facilitated by brokers Scott Sandelin and Eddie Romo.
On the Map
$7,200,000
$1,468/SF
Retail
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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
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93