South Florida Innovative Office LLC Acquires Office In Fort Lauderdale For $4.8M
1000 NW 65th St, Fort Lauderdale, FL 33309, USA
$4,800,000
$124/SF
Building Size
38,707 SF
Asset Type
Office
Closing
Mar 10, 2020
AI
Located at 1000 N.W. 65th Street in Fort Lauderdale, this office property was recently sold for $4,800,000. The transaction took place on March 11, 2020, and involved a total area of 38,707 square feet. The price per square foot for this sale was $124. The buyer of the property was South Florida Innovative Office LLC, while the seller was Bright Angel Inc. The deal was facilitated by brokers Steve Hyatt & Brian Batchelder from Berger Commercial Realty/CORFAC.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $4,800,000
- Address: 1000 N.W. 65th Street, Fort Lauderdale
- Market: Fort Lauderdale
Steve Hyatt & Brian Batchelder from Berger Commercial Realty/CORFAC played a crucial role in facilitating this transaction. Their expertise and extensive knowledge of the market ensured a successful deal for both the buyer and seller.
Players
Fort Lauderdale Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93