125 Ocean Drive Holdings LLC Acquires 9,451 SF Single Family Home In Fort Lauderdale For $23M
SOLD
$23,000,000
Florida
See Similar DealsSingle Family Residence9,451 SF
Sold 04/30/2021
SOLD
125 Ocean Drive Holdings LLC Acquires 9,451 SF Single Family Home In Fort Lauderdale For $23M
2412 Laguna Drive, Fort Lauderdale, FL, USA
See Similar DealsSingle Family Residence9,451 SF
Sold 04/30/2021
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,433
Total Square Footage:9,451 SF
Transaction Type:Sale
The single-family property located at 2412 Laguna Drive in Fort Lauderdale has been sold in a recent transaction. The property spans 9,451 square feet and was sold at a price of $23,000,000, resulting in a price per square foot of $2,434.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $23,000,000
- Address: 2412 Laguna Drive, Fort Lauderdale
- Market: Fort Lauderdale
The buyer of the property is 125 Ocean Drive Holdings LLC, while the seller is Mikhail Avrutin from the Baltic Hotel Group. The deal was facilitated by Chad Carroll and Tim Elmes from Compass.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,226,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$81,714.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$109,031.73
Annual Debt Service$1,308,380.81
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