Wendy's Ft Lauderdale Jae Group LLC Acquires Retail Property In Fort Lauderdale For $3.9M
3801 W Broward Blvd, Fort Lauderdale, FL, USA
$3,900,000
$1,243/SF
Building Size
3,137 SF
Asset Type
Retail
Closing
Oct 4, 2021
About this deal
AI
The property involved in this transaction is a retail space located at 3801 W Broward Blvd in Fort Lauderdale. The property has a total area of 3,137 square feet. The transaction date for the sale was on 10/05/2021. The buyer, Wendy's Ft Lauderdale Jae Group LLC, acquired the property from the seller, Marilyn Kessler, for a total sale price of $3,900,000. The price per square foot for this transaction was $1,243.
Summary of transaction details:
- Property Type: Retail
- Sale Price: $3,900,000
- Square Footage: 3,137
- Price Per Square Foot: $1,243
- Transaction Date: 10/05/2021
- Address: 3801 W Broward Blvd, Fort Lauderdale
The buyer in this transaction was Wendy's Ft Lauderdale Jae Group LLC and the seller was Marilyn Kessler.
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
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93