Peter Willis Acquires Retail Property In Fort Lauderdale For $4.9M
4000 N Federal Hwy, Fort Lauderdale, FL, USA
$4,900,000
$410/SF
Building Size
11,942 SF
Asset Type
Retail
Closing
Sep 21, 2021
About this deal
AI
A retail property located at 4000 N Federal Hwy in Fort Lauderdale has been sold for $4,900,000. The property spans 11,942 square feet with a price per square foot of $410.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,900,000
- Address: 4000 N Federal Hwy, Fort Lauderdale
- Market: Fort Lauderdale
The buyer of the property is Peter Willis, while the sellers are George Rhodis, Franchesca Rhodis, and Christine Rhodis.
The retail sale at 4000 N Federal Hwy, Fort Lauderdale, FL, USA in Fort Lauderdale, Florida sold for $4.9M in 2021. The building is 11,942 square feet, implying about 410 per square foot on the published price. This page is the Fort Lauderdale, Florida file for the 4000 N Federal Hwy, Fort Lauderdale, FL, USA retail sold: pricing, party profiles, and other closed retail comps from the same Fort Lauderdale sit in the Market section below. Filter that Fort Lauderdale retail set by closing date to see what else sold near 4000 N Federal Hwy, Fort Lauderdale, FL, USA around 2021. Published consideration for 4000 N Federal Hwy, Fort Lauderdale, FL, USA is $4.9M, dated 2021. Cite this Peter Willis Acquires Retail Property In Fort Lauderdale For $4.9M sale when underwriting similar retail product around Fort Lauderdale, Florida.
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
3.24%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93