Severino Rodrigues Acquires Bank/Credit Union In Fort Lauderdale For $3.9M
5600 North University Drive, Fort Lauderdale, Florida 33319, United States
$3,915,000
$638/SF
Building Size
6,135 SF
Asset Type
Retail
Closing
Jul 4, 2022
AI
A bank/credit union located at 5600 N University Dr in Fort Lauderdale, FL has been sold in a recent transaction. The property spans approximately 6,135 square feet with a price per square foot of $638, resulting in a total sale price of $3,915,000. The sale took place on July 5, 2022.
Summary of transaction details
- Property Type: Bank/Credit Unions
- Transaction Amount: $3,915,000
- Address: 5600 N University Dr, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
- Buyer: Severino Rodrigues
- Seller: Steven C. Voorhees & Bruce L. Tanner
The buyer of the bank/credit union property is Severino Rodrigues, while the sellers are Steven C. Voorhees and Bruce L. Tanner.
Lauderhill 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
4.05%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93