Edilia Baez & Israel Baez Acquire Automotive Property On N University Dr In Fort Lauderdale, FL
SOLD
$2,233,557
Florida
See Similar DealsRetail1,462 SF
Sold 08/22/2022
SOLD
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
See Similar DealsRetail1,462 SF
Sold 08/22/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$1,527
Total Square Footage:1,462 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$119,123.04
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,935.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,588.20
Annual Debt Service$127,058.40
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