Michael Berolzheimer Of Bee Capital LLC Purchases Retail Building In Fort Lauderdale For $3.45M
808 West Broward Boulevard
$3,450,000
$377/SF
Building Size
9,150 SF
Asset Type
Retail
Closing
Nov 19, 2024
AI
A retail building located at 808 West Broward Boulevard in Fort Lauderdale was sold for $3,450,000. The building encompasses a total area of 9,150 square feet, resulting in a price per square foot of $377.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,450,000
- Address: 808 West Broward Boulevard
- Market: Fort Lauderdale
- Seller: Lisa Schettino - Camp Canine Fort Lauderdale LLC
- Buyer: Michael Berolzheimer - Bee Capital LLC
- Brokers: Jaime Sturgis & Kaley Tuning - Native Realty
Kaley Tuning, serving as COO of Native Realty, represented the seller, while Jaime Sturgis, CEO of Native Realty, represented the buyer in this 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
4.60%
Cash-on-Cash
-1.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93