Daniel Abreu - TP Prospector Acquires Retail Property In North Lauderdale For $2.55M
SOLD
$2,550,000
Florida
See Similar DealsRetail6,543 SF
Sold 03/30/2021
SOLD
Daniel Abreu - TP Prospector Acquires Retail Property In North Lauderdale For $2.55M
5480 North State Road 7, Fort Lauderdale, FL, USA
See Similar DealsRetail6,543 SF
Sold 03/30/2021
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$389
Total Square Footage:6,543 SF
Transaction Type:Sale
A retail property located at 5480 N State Road 7 in North Lauderdale, Fort Lauderdale has been sold for $2,550,000. The property spans a total of 6,543 square feet, resulting in a price per square foot of $390. The lot size of the property is 90,316 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,550,000
- Square Footage: 6,543
- Price per Square Foot: $390
- Address: 5480 N State Road 7, North Lauderdale, Fort Lauderdale
- Market: North Lauderdale, Fort Lauderdale
The buyer in this transaction is Daniel Abreu, representing TP Prospector. The seller is Racso Bartra, associated with La Granja Parrilla. The seller's representative for this deal is Andy Perez-Cervera, a realtor from Real Estate Sales Force (RESF).
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$136,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,059.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,088.30
Annual Debt Service$145,059.61
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