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Fazio Properties Acquires Office Asset In Fort Lauderdale For $3.1M

Property Image
SOLD
$3,125,000

Florida

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Office11,171 SF
Sold 07/08/2022
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Property Image
SOLD

Fazio Properties Acquires Office Asset In Fort Lauderdale For $3.1M

1001 South Andrews Avenue, Fort Lauderdale, Florida 33316, United States

See Similar Deals
Office11,171 SF
Sold 07/08/2022
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$279
Total Square Footage:11,171 SF
Transaction Type:Sale

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

Bradley Arendt
Colliers
Bradley Arendt
16 deals$175.4M volume
BROKER

Details

SOLD
IMAGE: Bradley Arendt & Jeff Rodengen DATE: 07/08/2022 ADDRESS: 1001 South Andrews Avenue MARKET: Fort Lauderdale ASSET TYPE: Office BUYER: Fazio Properties, LLC SELLER: Write Stuff Enterprises - Jeff Rodengen BROKER: Bradley Arendt - Colliers (@ColliersInternational) SALE PRICE: $3,125,000 SF: 11,171 ~ PPSF: $280 BSF: 28,124 ~ PPBSF: $111

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

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