facebook

traded

+ Submit
Home

/

Deals

/

Iowa

/

Retail

/

Sale

/

301 Sw 2nd Street

Heights Advisors & Legacy Equity Holdings Acquire Retail Property In Downtown Fort Lauderdale For $8.5M
SOLDRetail

Heights Advisors & Legacy Equity Holdings Acquire Retail Property In Downtown Fort Lauderdale For $8.5M

301 Sw 2nd Street

$8,500,000

$982/SF

Building Size

8,650 SF

Asset Type

Retail

Closing

Dec 9, 2022

AI

The retail property located at 301 SW 2nd Street in Downtown Fort Lauderdale has been sold in a recent transaction. The property spans 8,650 square feet and has been purchased by Heights Advisors & Legacy Equity Holdings for a total sale price of $8,500,000. The buyer was represented in the deal by Bradley Arendt and Mika Mattingly from Colliers. The seller of the property was Diane Magid.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $8,500,000
  • Address: 301 SW 2nd Street
  • Market: Downtown Fort Lauderdale
  • Square Footage: 8,650
  • Buyer: Heights Advisors & Legacy Equity Holdings
  • Seller: Diane Magid
  • Brokers: Bradley Arendt & Mika Mattingly - Colliers

This transaction showcases the involvement of Bradley Arendt and Mika Mattingly from Colliers as the representatives of the buyer, Heights Advisors & Legacy Equity Holdings. The deal demonstrates the strong presence of these industry professionals in the retail market of Downtown Fort Lauderdale.

Players

Mika Mattingly

Colliers

Broker

$528.8M

vol

34 deals

Broker
LH
Legacy Equity HoldingsBuyer

Ogden Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.87%

Cash-on-Cash

-0.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93