House Reform Commercial 1 Acquires Retail Asset In Ft Lauderdale's Flagler Village For $2.035M
SOLD
$2,035,000
Florida
See Similar DealsRetail3,500 SF
Sold 01/31/2022
SOLD
House Reform Commercial 1 Acquires Retail Asset In Ft Lauderdale's Flagler Village For $2.035M
433 NW 1 Ave, Fort Lauderdale, Florida 33301, United States
See Similar DealsRetail3,500 SF
Sold 01/31/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$581
Total Square Footage:3,500 SF
Transaction Type:Sale
A retail property located at 433 NW 1 Ave in Flagler Village, Ft Lauderdale has been sold for $2,035,000. The property spans 3,500 square feet, resulting in a price per square foot of $581. The sale took place on January 31, 2022.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,035,000
- Square Footage: 3,500
- Price Per Square Foot: $581
- Address: 433 NW 1 Ave, Flagler Village, Ft Lauderdale
- Market: Flagler Village, Ft Lauderdale
The buyer in this transaction is House Reform Commercial 1, represented by Ting Jun Lei. The seller is Metro 1 FTL, represented by Tony Cho. The brokers involved in the deal are Juan Andres Nava and Andy Charry from Metro 1 Commercial.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$108,533.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,229.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,646.94
Annual Debt Service$115,763.26
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