Thomas Smith Acquires Fort Lauderdale Retail Property For $5.6M
351 Southwest 136th Avenue, Fort Lauderdale, Florida 33325, United States
$5,600,000
$231/SF
Building Size
24,215 SF
Asset Type
Retail
Closing
Jun 30, 2022
AI
The retail property located at 351 Sw 136th Ave in Fort Lauderdale, FL was recently sold. The transaction took place on July 1, 2022, with a sale price of $5,600,000. The property spans a total area of 24,215 square feet, resulting in a price per square foot of $231.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,600,000
- Address: 351 Sw 136th Ave, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
The buyer of the property was Thomas Smith, while the sellers were Kenneth L. Stiles and Thomas M. Bluth.
Players
Davie 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
2.83%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93