Keyes Company Acquires Office & Retail Property In North Lauderdale For $6.3M
SOLD
$6,300,000
+ 1
Florida
See Similar DealsRetail530,000 SF
Sold 08/18/2020
SOLD
Keyes Company Acquires Office & Retail Property In North Lauderdale For $6.3M
6041 Kimberly Blvd, North Lauderdale, FL 33068, USA
See Similar DealsRetail530,000 SF
Sold 08/18/2020
+ 1
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$11
Total Square Footage:530,000 SF
Transaction Type:Sale
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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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$336,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,382.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,865.21
Annual Debt Service$358,382.57
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