Daniel Abreu - TP Prospector Acquires Retail Property In North Lauderdale For $2.55M
5480 North State Road 7, Fort Lauderdale, FL, USA
$2,550,000
$389/SF
Building Size
6,543 SF
Asset Type
Retail
Closing
Mar 29, 2021
About this deal
AI
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).
On the Map
$2,550,000
$389/SF
Retail
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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
6.22%
Cash-on-Cash
-1.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93