facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Retail

/

Sale

/

2152 W Oakland Park Blvd Oa...

Prabhu Anand Acquires Retail Property In Fort Lauderdale For $2.9M
SOLDRetail

Prabhu Anand Acquires Retail Property In Fort Lauderdale For $2.9M

2152 W Oakland Park Blvd Oakland Park, FL 33311, USA

$2,900,000

$238/SF

Building Size

12,160 SF

Asset Type

Retail

Closing

Aug 10, 2023

AI

An 12,160 square foot retail property located at 2152-2192 W Oakland Park Blvd in Fort Lauderdale has been sold for $2,900,000. The property was purchased by Prabhu Anand from the seller, Raphael Blum. The transaction was facilitated by brokers Elon Gerberg, Adam H. Klein, and Cleveland Sainpreux of SVN. The property has a price per square foot (PPSF) of $239.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $2,900,000
  • Address: 2152-2192 W Oakland Park Blvd, Fort Lauderdale
  • Market: Fort Lauderdale
  • Square Footage: 12,160
  • Price Per Square Foot (PPSF): $239
  • Buyer: Prabhu Anand
  • Seller: Raphael Blum
  • Brokers: Elon Gerberg, Adam H. Klein, Cleveland Sainpreux - SVN

The transaction involved the sale of a retail property on W Oakland Park Blvd in Fort Lauderdale. Prabhu Anand purchased the property from Raphael Blum for a total of $2,900,000. The property spans 12,160 square feet and has a price per square foot of $239. The deal was facilitated by brokers Elon Gerberg, Adam H. Klein, and Cleveland Sainpreux, who represented the respective parties involved.

Players

Adam H. Klein

Vision Real Estate Advisors

Broker

$129.8M

vol

38 deals

Broker

Prabhu Anand

Buyer

$8.3M

vol

2 deals

Buyer

Oakland Park 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

5.47%

Cash-on-Cash

-1.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93