Avraham Dreyfuss Acquires Retail Property On W Broward Blvd In Fort Lauderdale For $7.8M
8550 W Broward Blvd, Fort Lauderdale, FL, USA
$7,759,512
$1,013/SF
Building Size
7,655 SF
Asset Type
Retail
Closing
Oct 4, 2021
About this deal
AI
Located at 8550 W Broward Blvd in Fort Lauderdale, this retail property was recently sold in a closed transaction. The sale took place on October 5, 2021, and the asset type is retail. The property spans 7,655 square feet, with a price per square foot of $1,014. The total sale price amounted to $7,759,512.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $7,759,512
- Address: 8550 W Broward Blvd, Fort Lauderdale
- Square Footage: 7,655
- Price per Square Foot: $1,014
Avraham Dreyfuss served as the buyer in this transaction, while Lonnie J. Stout II, J M Moore, and Mark A. Parkey acted as the sellers.
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
2.04%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93