Terri Keogh Of Castro Properties Acquires Retail Property On North Powerline Road In Fort Lauderdale For $10.8M
6191 Powerline Road, Fort Lauderdale, FL, USA
$10,800,000
$1,802/SF
Building Size
5,991 SF
Asset Type
Retail
Closing
Aug 2, 2021
About this deal
AI
The retail property located at 6191 North Powerline Road in Fort Lauderdale was recently sold for a price of $10,800,000. The transaction took place on 08/02/2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $10,800,000
- Address: 6191 North Powerline Road, Fort Lauderdale
- Market: Fort Lauderdale
The buyer of the property was Terri Keogh, represented by Castro Properties. The seller in this transaction was Brightwork Real Estate. The deal was facilitated by Patrick Nutt from SRS Real Estate Partners.
On the Map
$10,800,000
$1,802/SF
Retail
View full map
Players
Fort Lauderdale Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Patrick Nutt to view all their deals.
Browse Florida retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.47%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93