East Broward Dental PA Acquires Medical Office In Fort Lauderdale For $2.02M
SOLD
$2,025,000
Florida
See Similar DealsMedical Office2,898 SF
Sold 06/27/2022
SOLD
East Broward Dental PA Acquires Medical Office In Fort Lauderdale For $2.02M
1100 Federal Highway, Fort Lauderdale, Florida 33304, United States
See Similar DealsMedical Office2,898 SF
Sold 06/27/2022
Summary
FLORIDA
Asset Type:Medical Office
Price Per Square Foot:$698
Total Square Footage:2,898 SF
Transaction Type:Sale
1100 S. Federal Highway in Fort Lauderdale has been sold in a closed transaction. The property is a medical office with a size of 2,898 square feet. It was acquired by East Broward Dental PA from the seller, Meilan Holdings, LLC. The transaction was facilitated by Bill McGee III and Jordan Beck of Berger Commercial Realty/Corfac International. The sale price for the property was $2,025,000, resulting in a price per square foot of $699.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: $2,025,000
- Address: 1100 S. Federal Highway, Fort Lauderdale
- Market: Fort Lauderdale
Bill McGee III and Jordan Beck represented both the buyer and the seller in this transaction.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$108,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,194.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,599.53
Annual Debt Service$115,194.40
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