SOLDRetail
Wesley Powell & Nancy Gardner Acquire Store In Fort Lauderdale, FL For $64M
927 North Federal Highway
$64,000,000
$616/SF
Building Size
103,806 SF
Asset Type
Retail
Closing
Jun 2, 2022
AI
The property asset involved in this transaction is a store located at 901-927 N Federal Hwy in Fort Lauderdale, FL. It was sold on June 3, 2022.
Summary of transaction details
- Property Type: Store
- Transaction Amount: $64,000,000
- Square Footage: 103,806
- Price per Square Foot: $616
- Address: 901-927 N Federal Hwy, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
The buyers in this transaction were Wesley Powell & Nancy Gardner. They purchased the property from Sabra Katz, Raanan Katz & Daniel Katz.
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
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93