Fazio Properties Acquires Office Asset In Fort Lauderdale For $3.1M
1001 South Andrews Avenue, Fort Lauderdale, Florida 33316, United States
$3,125,000
$279/SF
Building Size
11,171 SF
Asset Type
Office
Closing
Jul 7, 2022
AI
An office property located at 1001 South Andrews Avenue in Fort Lauderdale has been sold for a total of $3,125,000. The property spans a total of 11,171 square feet with a price per square foot of $280. The building comprises a total of 28,124 square feet, resulting in a price per building square foot of $111.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $3,125,000
- Address: 1001 South Andrews Avenue, Fort Lauderdale
- Market: Fort Lauderdale
The buyer of the property is Fazio Properties, LLC, while the seller is Write Stuff Enterprises - Jeff Rodengen. The deal was facilitated by Bradley Arendt from Colliers.
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
5.08%
Cash-on-Cash
-1.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93