facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Medical Office

/

Sale

/

1100 Federal Highway, Fort ...

East Broward Dental PA Acquires Medical Office In Fort Lauderdale For $2.02M
SOLDMedical Office

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

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.

Players

Jordan Beck

Berger Commercial Realty

Broker

$278.5M

vol

29 deals

Broker

Fort Lauderdale Medical Office Market Snapshot

Boundary boundary · Medical Office · Sale transactions

Loading comparables…

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