Updated Oct 28, 2024
East Broward Dental PA Acquires Medical Office In Fort Lauderdale For $2.02M
1100 Federal Highway, Fort Lauderdale, Florida 33304, United States
$2,025,000
$698/SF
Building Size
2,898 SF
Asset Type
Medical Office
Closing
Jun 27, 2022
About this deal
AI
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.
On the Map
$2,025,000
$698/SF
Medical Office
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Players
Fort Lauderdale Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.83%
Cash-on-Cash
-2.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93