Tyler S. Kuhlman & Douglas K. Mandel Of Marcus & Millichap Represent Todd Nepola In $23.97M Retail Sale In Lauderdale Lakes, Florida
SOLD
$23,975,000
Florida
See Similar DealsRetail150,765 SF
Sold 12/16/2022
SOLD
Tyler S. Kuhlman & Douglas K. Mandel Of Marcus & Millichap Represent Todd Nepola In $23.97M Retail Sale In Lauderdale Lakes, Florida
4485 State Road 7
See Similar DealsRetail150,765 SF
Sold 12/16/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$159
Total Square Footage:150,765 SF
Transaction Type:Sale
Lauderdale Lakes retail property located at 4101-4397 N State Road 7 & 4455-4485 N State Road 7 has been sold for a total of $23,975,000. The property spans a total of 150,765 square feet, resulting in a price per square foot of $159.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $23,975,000
- Square Feet: 150,765
- Price per Square Foot: $159
- Address: 4101-4397 N State Road 7 & 4455-4485 N State Road 7, Lauderdale Lakes
The buyer of the property is Todd Nepola, while the seller is Jodi Korn. The transaction was facilitated by Tyler S. Kuhlman and Douglas K. Mandel from Marcus & Millichap.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,278,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$85,178.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$113,653.73
Annual Debt Service$1,363,844.78
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