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
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