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
About this deal
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