Tamaracflo Realty LLC Acquires Retail Property In Fort Lauderdale For $6.7M
4999 North State Road 7, Fort Lauderdale, FL, USA
$6,725,000
$2,210/SF
Building Size
3,043 SF
Asset Type
Retail
Closing
Jun 30, 2021
About this deal
AI
The retail property located at 4999 N State Road 7 in Fort Lauderdale has been sold in a recent transaction. The property spans approximately 3,043 square feet and was purchased by Tamaracflo Realty LLC for a total price of $6,725,000, resulting in a price per square foot of $2,210.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,725,000
- Address: 4999 N State Road 7, Fort Lauderdale
- Market: Fort Lauderdale
- Buyer: Tamaracflo Realty LLC
- Seller: Binod Chaudhary
Tamaracflo Realty LLC emerged as the buyer in this deal, acquiring the retail property from Binod Chaudhary. Both parties were represented by their respective brokers.
Players
Davie 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
2.36%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93