Everglades College Acquires Special Purpose Property In Fort Lauderdale For $57.6M
1500 NW 49th St, Fort Lauderdale, Florida 33309, United States
$57,600,000
$279/SF
Building Size
206,330 SF
Asset Type
—
Closing
Jul 27, 2022
AI
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
Fort Lauderdale CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93