William McIntyre Acquires Fort Lauderdale Retail Property From Anne Ginsburg For $4.5M
3051 Northeast 32nd Avenue, Fort Lauderdale, Florida 33305, United States
$4,500,000
$480/SF
Building Size
9,375 SF
Asset Type
Retail
Closing
Apr 10, 2022
About this deal
AI
A retail property located at 3051 NE 32nd Ave in Fort Lauderdale has been sold for $4,500,000. The property spans approximately 9,375 square feet, resulting in a price per square foot of $480. The transaction took place on 04/08/2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,500,000
- Square Footage: 9,375
- Price Per Square Foot: $480
- Address: 3051 NE 32nd Ave
- Market: Fort Lauderdale
The buyer of the property is William McIntyre, and the seller is Anne Ginsburg. Alan Kaye from Transworld Commercial served as the seller's representative in the deal.
On the Map
$4,500,000
$480/SF
Retail
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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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93