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5480 North State Road 7, Fo...

Daniel Abreu - TP Prospector Acquires Retail Property In North Lauderdale For $2.55M
SOLDRetail

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

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).

Players

Andres Perez-Cervera

Compass

Broker

$23.9M

vol

8 deals

Broker

Daniel Abreu

Buyer

$17.1M

vol

4 deals

Buyer

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