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1500 NW 49th St, Fort Laude...

Everglades College Acquires Special Purpose Property In Fort Lauderdale For $57.6M
SOLD

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

Achikam Yogev

Colliers

Broker

$393.9M

vol

9 deals

Broker
EC
Everglades CollegeBuyer
William Keenan

William Keenan

Seller

$377.9M

vol

5 deals

Seller

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