SOLDRetail
Alfred Sayegh & Daniel Rutta Acquire Retail Property In Fort Lauderdale, FL For $6.3M
2901 West Commercial Boulevard, Fort Lauderdale, Florida 33309, United States
$6,300,000
$358/SF
Building Size
17,586 SF
Asset Type
Retail
Closing
Jun 14, 2022
AI
A retail property located at 2901 W Commercial Blvd in Fort Lauderdale, FL, has been sold for a price of $6,300,000. The property has a total square footage of 17,586, resulting in a price per square foot of $358.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,300,000
- Square Footage: 17,586
- Price per Square Foot: $358
- Address: 2901 W Commercial Blvd, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
The property was purchased by Alfred Sayegh and Daniel Rutta from the sellers Jose Antonio Pietri and Javier Cervera.
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
2.52%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93