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8933 West Oakland Park Boul...

Benjamin Genet Acquires Store In Fort Lauderdale For $5.35M
SOLDRetail

Benjamin Genet Acquires Store In Fort Lauderdale For $5.35M

8933 West Oakland Park Boulevard, Fort Lauderdale, Florida 33311, United States

$5,350,000

$268/SF

Building Size

19,965 SF

Asset Type

Retail

Closing

Apr 26, 2022

AI

The store property located at 8901-8933 W Oakland Park Blvd in Fort Lauderdale, FL has been sold. The transaction took place on April 27, 2022. The property spans a total of 19,965 square feet and was sold for a price of $5,350,000, resulting in a price per square foot of $268.

Summary of transaction details

  • Property Type: Store
  • Transaction Amount: $5,350,000
  • Address: 8901-8933 W Oakland Park Blvd, Fort Lauderdale, FL
  • Market: Fort Lauderdale, FL
  • Square Footage: 19,965

The buyer of the property is Benjamin Genet and the seller is Jonathan Fels.

Players

Benjamin Genet

Genet Property Group

Broker

$185M

vol

12 deals

Broker

Sunrise 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

2.97%

Cash-on-Cash

-0.85%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93