SOLDRetail
Brickbox Management Acquires Retail Property In Fort Lauderdale For $3.4M
945 West Sunrise Boulevard, Fort Lauderdale, Florida 33322, United States
$3,400,000
$212/SF
Building Size
16,034 SF
Asset Type
Retail
Closing
Jun 23, 2022
AI
A retail property located at 945 W Sunrise Blvd in Fort Lauderdale has been sold for $3,400,000. The property spans 16,034 square feet, resulting in a price per square foot of $212. The transaction took place on June 24, 2022.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $3,400,000
The buyer of the property is Brickbox Management, represented by Josh Deitchman. On the other hand, the seller is Robert Salomon. Adam H. Klein, Elon Gerberg, and Cleveland Sainpreux from ROI Partners - SVNCP served as the buyer's representatives in the deal. Jonathan Barak from Capital Business Solutions acted as the seller's representative.
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
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93