Keyes Company Acquires Office & Retail Property In North Lauderdale For $6.3M
6041 Kimberly Blvd, North Lauderdale, FL 33068, USA
$6,300,000
$11/SF
Building Size
530,000 SF
Asset Type
Retail
Closing
Aug 17, 2020
AI
The office and retail property located at 6041-6047 Kimberly Blvd in North Lauderdale has been sold in a recent transaction. The property spans 53,000 square feet and was sold for a total of $6,300,000, resulting in a price per square foot of $118.
Summary of transaction details
- Property Type: Office & Retail
- Transaction Amount: $6,300,000
- Square Footage: 53,000
- Price per Square Foot: $118
- Address: 6041-6047 Kimberly Blvd
- Market: North Lauderdale
The sale of this property was facilitated by the seller's representatives, Quinn Sousa, Ryan Shaw, and Jose Fernandez from Marcus & Millichap. The buyer's representative in this transaction was Gus Bergamini from The Keyes Company.
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North 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
2.52%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93