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
Ogden Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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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