George Rhodis & Franchesca Rhodis Acquire Store Property In Fort Lauderdale, FL For $2.69M
6608 Federal Highway, Fort Lauderdale, Florida 33308, United States
$2,687,500
$131/SF
Building Size
20,401 SF
Asset Type
Retail
Closing
Mar 16, 2022
About this deal
AI
The property asset involved in this closed transaction is a store located at 6602-6608 N Federal Hwy, Fort Lauderdale, FL. The store has a total square footage of 20,401. The transaction took place on March 17, 2022, with a sale price of $2,687,500, resulting in a price per square foot of $131.
Summary of transaction details
- Property Type: Store
- Transaction Amount: $2,687,500
- Buyer: George Rhodis, Franchesca Rhodis, Christine Rhodis
- Seller: Franchesca Rhodis, Frances Rhodis
- Address: 6602-6608 N Federal Hwy, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
The buyers in this transaction are George Rhodis, Franchesca Rhodis, and Christine Rhodis. On the other hand, the sellers are Franchesca Rhodis and Frances Rhodis. The deal involved the exchange of the store property for the agreed-upon price. No additional information is available regarding the transaction.
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
5.90%
Cash-on-Cash
-1.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93