Benjamin Genet Acquires Store In Fort Lauderdale For $5.35M
SOLD
$5,350,000
Florida
See Similar DealsRetail19,965 SF
Sold 04/27/2022
SOLD
Benjamin Genet Acquires Store In Fort Lauderdale For $5.35M
8933 West Oakland Park Boulevard, Fort Lauderdale, Florida 33311, United States
See Similar DealsRetail19,965 SF
Sold 04/27/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$268
Total Square Footage:19,965 SF
Transaction Type:Sale
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
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$285,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,007.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,361.73
Annual Debt Service$304,340.75
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