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
About this deal
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.
On the Map
$57,600,000
$279/SF
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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