facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Office

/

Sale

/

1000 NW 65th St, Fort Laude...

South Florida Innovative Office LLC Acquires Office In Fort Lauderdale For $4.8M
SOLDOffice

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

R. Stephen Hyatt

Berger Commercial Realty

Broker

$111.9M

vol

19 deals

Broker

Fort Lauderdale Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

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