The Universal Church Acquires School From Ecofin Social Impact Fund For $8.5 Million
7100 West Oakland Park Boulevard
$8,500,000
$213/SF
Building Size
39,761 SF
Asset Type
Church
Closing
Dec 20, 2024
AI
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.
Players
Lauderhill Church Market Snapshot
Boundary boundary · Church · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93