AutoNation Sells Fort Lauderdale Retail Property To Automotive Management Services For $11.8M
6606 N Andrews Ave, Fort Lauderdale, FL, USA
$11,800,000
$110/SF
Building Size
107,019 SF
Asset Type
Retail
Closing
Jul 19, 2020
About this deal
AI
The retail property located at 6606 N Andrews Ave in Fort Lauderdale has been sold for a transaction amount of $11,800,000. The property covers a total area of 107,019 square feet, resulting in a price per square foot of $110. The property sits on a 2.51-acre lot, valuing the land at approximately $4,701,195 per acre.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $11,800,000
- Square Footage: 107,019
- Price per Square Foot: $110
- Lot Size: 2.51 acres
- Price per Acre: $4,701,195
The sale of this retail asset was facilitated by broker Chase Deuschle of CBRE, representing the buyer Automotive Management Services and the seller AutoNation.
On the Map
$11,800,000
$110/SF
Retail
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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
1.34%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93