Everglades College Acquires Special Purpose Property In Fort Lauderdale For $57.6M
SOLD
$57,600,000
+ 1
Florida
See Similar Deals206,330 SF
Sold 07/28/2022
SOLD
Everglades College Acquires Special Purpose Property In Fort Lauderdale For $57.6M
1500 NW 49th St, Fort Lauderdale, Florida 33309, United States
See Similar Deals206,330 SF
Sold 07/28/2022
+ 1
Summary
FLORIDA
Price Per Square Foot:$279
Total Square Footage:206,330 SF
Transaction Type:Sale
The Special Purpose property located at 1500 NW 49th St & 1900 W Commercial Blvd in Fort Lauderdale has been sold for a total price of $57,600,000. The property spans over an area of 206,330 square feet with a price per square foot (PPSF) of $279. The transaction took place on July 28, 2022, and involved the buyer, Everglades College, and the seller, William Keenan.
Summary of transaction details
- Property Type: Special Purpose
- Transaction Amount: $57,600,000
- Date: 07/28/2022
- Address: 1500 NW 49th St & 1900 W Commercial Blvd
- Market: Fort Lauderdale
The sale of this property was facilitated by the seller's representatives, Bastian Laggerbauer, Mark M. Rubin, and Achikam Yogev, who are associated with Colliers International.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,072,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$204,640.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$273,053.39
Annual Debt Service$3,276,640.63
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