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
About this deal
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.
On the Map
$9,250,000
$114/SF
Retail
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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