Bradford L. Dinkins & Tracy Rains Acquire Restaurant/Bar In Fort Lauderdale, FL For $2.6M
W State Road 84, Fort Lauderdale, Florida 33324, United States
$2,566,370
$830/SF
Building Size
3,092 SF
Asset Type
Retail
Closing
Apr 4, 2022
About this deal
AI
The property asset involved in this transaction is a restaurant/bar located at 9000 W State Road 84 in Fort Lauderdale, FL. The property has a total area of 3,092 square feet and was sold for a price of $2,566,370, resulting in a price per square foot of $830.
Summary of transaction details
- Property Type: Restaurant/Bar
- Transaction Amount: $2,566,370
- Buyer: Bradford L. Dinkins & Tracy Rains
- Seller: Angela Sansone
- Address: 9000 W State Road 84, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
The buyer in this transaction is Bradford L. Dinkins & Tracy Rains. The seller of the property is Angela Sansone.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.18%
Cash-on-Cash
-1.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93