Frank Luccisano & Arthur Kilajian Acquire Retail Property In Fort Lauderdale For $5.5M
603 Northeast 13th Street, Fort Lauderdale, Florida 33304, United States
$5,475,000
$969/SF
Building Size
5,647 SF
Asset Type
Retail
Closing
May 4, 2022
About this deal
AI
Located at 603 NE 13th St in Fort Lauderdale, FL, this retail property was recently sold in a closed transaction on May 5, 2022. The property spans 5,647 square feet and was sold for a price of $5,475,000 at an average price per square foot of $969.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,475,000
- Address: 603 NE 13th St, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
- Buyer: Frank Luccisano & Arthur Kilajian
- Seller: Abby Laughlin & Robert S. Laughlin
- Square Footage: 5,647
- Price Per Square Foot: $969
The buyers of the property, Frank Luccisano and Arthur Kilajian, acquired the retail asset from Abby Laughlin and Robert S. Laughlin. No additional information regarding the individuals or companies involved in the transaction was provided.
Players
Fort Lauderdale 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
2.90%
Cash-on-Cash
-0.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93