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4359 North University Drive...

Edilia Baez & Israel Baez Acquire Automotive Property On N University Dr In Fort Lauderdale, FL
SOLDRetail

Edilia Baez & Israel Baez Acquire Automotive Property On N University Dr In Fort Lauderdale, FL

4359 North University Drive, Fort Lauderdale, Florida 33322, United States

$2,233,557

$1,527/SF

Building Size

1,462 SF

Asset Type

Retail

Closing

Aug 21, 2022

AI

The automotive property located at 4359 N University Dr in Fort Lauderdale, FL has been sold in a transaction that closed on August 22, 2022. The property spans a total of 1,462 square feet and was sold for a price of $2,233,557, resulting in a price per square foot of $1,527.

Summary of transaction details:

  • Property Type: Automotive
  • Transaction Amount: $2,233,557
  • Address: 4359 N University Dr, Fort Lauderdale, FL
  • Market: Fort Lauderdale, FL
  • Buyer: Edilia Baez & Israel Baez
  • Seller: Christopher Allen
  • Square Footage: 1,462
  • Price per Square Foot: $1,527

Edilia Baez and Israel Baez were the buyers in this transaction, while Christopher Allen acted as the seller. The deal was facilitated by their respective representatives in the transaction.

Players

Israel Baez

Buyer

$6.3M

vol

2 deals

Buyer

Lauderhill 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

7.10%

Cash-on-Cash

-2.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93