The Universal Church Acquires School From Ecofin Social Impact Fund For $8.5 Million
SOLD
$8,500,000
Florida
See Similar DealsChurch39,761 SF
Sold 12/20/2024
SOLD
The Universal Church Acquires School From Ecofin Social Impact Fund For $8.5 Million
7100 West Oakland Park Boulevard
See Similar DealsChurch39,761 SF
Sold 12/20/2024
Summary
FLORIDA
Asset Type:Church
Price Per Square Foot:$213
Total Square Footage:39,761 SF
Transaction Type:Sale
The property asset involved in this transaction is a school located at 7100 West Oakland Park Boulevard in the Sunrise market. It has a total square footage of 39,761 and was sold for $8,500,000, which translates to a price per square foot of $213.
Summary of transaction details:
- Property Type: School
- Transaction Amount: $8,500,000
- Square Footage: 39,761
- Price Per Square Foot: $213
- Buyer: The Universal Church
- Seller: Ecofin Social Impact Fund
- Seller's Representative: Achikam Yogev - Colliers
- Transaction Date: 12/20/2024
The key individuals involved in this deal include Achikam Yogev, who represents the seller, Ecofin Social Impact Fund, through Colliers. The transaction reflects the involvement of The Universal Church as the buyer of the property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$453,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,198.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,294.34
Annual Debt Service$483,532.04
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