What Cap Rate are you seeing in Fort Lauderdale Area

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  • Gabriel A PenaPro Member
    Miami, FL · Member since 2021 · 11 posts · 7 votes
    4y

     Fausto, I am a multi-broker and have a specialization in both these markets. I am seeing deals get done in the proforma 4.25-4.00 range. This is for a standard mid-70s product between 8-20 units. If you are in core Fort Lauderdale, we see 3.5 Caps as a new normal (My team and I just placed a deal under contract at a 3.5).... A better gauge for value in Hollywood is Price per Unit, which is about 160-170K/Door for all 1's. That is where I am receiving offers on my deals. 

    Goes without saying that SoFLo is very dense, and every neighborhood tells a different story on pricing - but the info above is a good generalization. 

    DM me if you'd like to see deals!

    @Fausto Carosella

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