Herve Barbera Sells Retail Property In Fort Lauderdale For $9.25M
6702 South University Drive, Fort Lauderdale, FL, USA
$9,250,000
$114/SF
Building Size
80,639 SF
Asset Type
Retail
Closing
Oct 17, 2021
AI
Herve Barbera has sold a retail property located at 6702 N University Dr in Fort Lauderdale. The property spans 80,639 square feet and was sold for a total price of $9,250,000, resulting in a price per square foot of $115.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $9,250,000
- Address: 6702 N University Dr, Fort Lauderdale
- Market: Fort Lauderdale
- Square Footage: 80,639
- Price per Square Foot: $115
- Seller: Herve Barbera
Herve Barbera has successfully sold the retail property located at 6702 N University Dr in Fort Lauderdale. The transaction involved a total sale price of $9,250,000, with the property encompassing an area of 80,639 square feet. This deal highlights Herve Barbera's role as the seller, representing their own interests in the transaction.
Players
Pembroke Pines 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
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93