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5440 State Road 7

Updated Dec 4, 2024

Alexandros Kasdas Acquires Retail Property From George Delgardio For $2.8M
SOLDRetail

Alexandros Kasdas Acquires Retail Property From George Delgardio For $2.8M

5440 State Road 7

$2,800,000

$141/SF

Building Size

19,800 SF

Asset Type

Retail

Closing

Jun 26, 2024

About this deal

AI

The retail property located at 5440 State Road 7 in North Lauderdale was sold for $2,800,000. Spanning 19,800 square feet, the property was acquired by Alexandros Kasdas from George Delgardio of Delgardio Investment Properties, with representation from Brian Zoberg. The transaction was facilitated with a loan from City National Bank of Florida, at a price per square foot of $141.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $2,800,000
  • Buyer: Alexandros Kasdas
  • Seller: George Delgardio - Delgardio Investment Properties
  • Broker: Brian Zoberg
  • Lender: City National Bank of Florida
  • Address: 5440 State Road 7
  • Market: North Lauderdale
  • Square Footage: 19,800
  • Price per Square Foot: $141

Alexandros Kasdas, the buyer of the retail property, closed the deal with the seller George Delgardio of Delgardio Investment Properties. The transaction was successfully completed with brokerage assistance from Brian Zoberg. City National Bank of Florida provided the necessary financing for the acquisition of the property.

Players

Brian Zoberg

Suncoast Business Consultants

Broker

$2.8M

vol

1 deal

Broker
City National Bank of Florida
City National Bank of FloridaLender

Fort Lauderdale Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $141 per square foot on a published $2.8M for 19,800 square feet (2024).

Visit Suncoast Business Consultants to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.67%

Cash-on-Cash

-1.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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