Andres Arias Acquires Retail Property In Fort Lauderdale For $2.575M
5130 Federal Highway, Fort Lauderdale, Florida 33308, United States
$2,575,000
$221/SF
Building Size
11,609 SF
Asset Type
Retail
Closing
May 4, 2022
About this deal
AI
An 11,609 square feet retail property located at 5130 N Federal Hwy in Fort Lauderdale, FL has been sold for $2,575,000. The property was sold on 05/05/2022. The price per square foot was calculated to be $221.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,575,000
- Address: 5130 N Federal Hwy, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
The buyer of the property is Andres Arias, while the sellers are Tony Falbo & Frank Vanelli.
The retail sale at 5130 Federal Highway, Fort Lauderdale, Florida 33308, United States in Fort Lauderdale, Florida sold for $2.6M in 2022. The building is 11,609 square feet, implying about 221 per square foot on the published price. This page is the Fort Lauderdale, Florida file for the 5130 Federal Highway, Fort Lauderdale, Florida 33308, United States retail sold: pricing, party profiles, and other closed retail comps from the same Fort Lauderdale sit in the Market section below. Filter that Fort Lauderdale retail set by closing date to see what else sold near 5130 Federal Highway, Fort Lauderdale, Florida 33308, United States around 2022. Published consideration for 5130 Federal Highway, Fort Lauderdale, Florida 33308, United States is $2.6M, dated 2022. Cite this Andres Arias Acquires Retail Property In Fort Lauderdale For $2.575M sale when underwriting similar retail product around Fort Lauderdale, Florida.
Players
Fort Lauderdale 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
6.16%
Cash-on-Cash
-1.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93