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Compass & One Sotheby Inter...

Patrick K. Willis Acquires Fort Lauderdale Single Family Property From Jean Christine Thompson For $12.5M
SOLDSingle Family

Patrick K. Willis Acquires Fort Lauderdale Single Family Property From Jean Christine Thompson For $12.5M

$12,500,000

Building Size

Asset Type

Single Family

Closing

Oct 27, 2021

AI

A single-family property located in Fort Lauderdale has been sold for a price of $12,500,000. The property is spread over approximately 1 acre of land. It offers a total area of 13,692 square feet, which translates to a price per square foot of $913. The transaction took place on October 27, 2021.

Summary of transation details

  • Property Type: Single Family
  • Transaction Amount: $12,500,000
  • Market: Fort Lauderdale
  • Address: Not Provided
  • Acreage: 1 acre

Patrick K. Willis, representing American Recovery Services, acted as the buyer in this transaction. Jean Christine Thompson, the seller, is associated with Thompson Petroleum. Willis was assisted by Matt Bobby from Compass, while Sandra Tagliamonte, from One Sotheby’s International Realty, represented Thompson. These key individuals and companies played vital roles in completing the deal successfully.

Players

Matt Bobby

Compass

Broker

$12.5M

vol

1 deal

Broker

Market Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.27%

Cash-on-Cash

-0.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93