Current Capital Group Acquires Retail Property In Lauderdale Lakes For $23.75M
4101 State Road 7, Lauderdale Lakes, Florida 33319, United States
$23,750,000
$145,705/SF
Building Size
163 SF
Asset Type
Retail
Closing
Dec 20, 2022
AI
The property involved in this transaction is a retail asset located in Lauderdale Lakes. The address of the property is 4101, 4201 and 4455 North State Road 7 & 4046 NW 44th Court. The property spans across 14.2 acres and features a total square footage of 163,794. The sale price for this transaction was $23,750,000, resulting in a price per square foot of $145.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $23,750,000
- Market: Lauderdale Lakes
- Acres: 14.2
- Buyer: Current Capital Group - Todd T. Nepola
- Seller: Corn Properties
- Broker: Marcus & Millichap
- Lender: Valley National Bank
- Square Footage: 163,794
- Price Per Square Foot: $145
The buyer involved in this transaction is Current Capital Group, represented by Todd T. Nepola. On the other hand, the seller is Corn Properties. The broker responsible for this deal is Marcus & Millichap. The lender for the transaction is Valley National Bank.
Lauderdale Lakes Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.67%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93