Sunrise FTL Ventures Acquires Retail Property In Fort Lauderdale For $7.2M
SOLD
$7,200,000
Florida
See Similar DealsRetail4,903 SF
Sold 03/19/2021
SOLD
Sunrise FTL Ventures Acquires Retail Property In Fort Lauderdale For $7.2M
2828 East Sunrise Boulevard, Fort Lauderdale, FL, USA
See Similar DealsRetail4,903 SF
Sold 03/19/2021
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$1,468
Total Square Footage:4,903 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$384,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,580.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,131.67
Annual Debt Service$409,580.08
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