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
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
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93