Updated Oct 29, 2024
Bill Coulter Acquires Fort Lauderdale SFR From James & Jane Slattery For $9M
1 Pelican Dr, Fort Lauderdale, FL 33301, USA
$9,000,000
$1,286/SF
Building Size
6,995 SF
Asset Type
Single Family Residence
Closing
Aug 9, 2020
About this deal
AI
Located in Fort Lauderdale, the property at 1 Pelican Drive recently underwent a closed transaction. The single-family residence features a total area of 6,995 square feet. The transaction took place on August 10, 2020.
Summary of transaction details
- Property Type: Single-Family Residence
- Transaction Amount: $9,000,000
- Price Per Square Foot: $1,286
- Address: 1 Pelican Drive, Fort Lauderdale
- Market: Fort Lauderdale
The sellers of the property were James and Jane Slattery. The buyers, representing Coulter Automotive Group, were Bill Coulter. The transaction was facilitated by Tim Elmes and Addison Ruff from Compass, who acted as the seller's representatives. Kelly Drum from Drum Realty represented the buyer in the deal.
Players
Fort Lauderdale Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.3K per square foot on a published $9M for 6,995 square feet (2020).
Browse Florida single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93