Severino Rodrigues Acquires Bank/Credit Union In Fort Lauderdale For $3.9M
SOLD
Florida
See Similar DealsRetail6,135 SF
Sold 07/05/2022
SOLD
Severino Rodrigues Acquires Bank/Credit Union In Fort Lauderdale For $3.9M
5600 North University Drive, Fort Lauderdale, Florida 33319, United States
See Similar DealsRetail6,135 SF
Sold 07/05/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$638
Total Square Footage:6,135 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$208,800.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,909.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,559.10
Annual Debt Service$222,709.17
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