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110 E Broward Blvd Fort Lau...

Intalex Capital Acquires Office Building On East Broward Boulevard In Fort Lauderdale For $43M
SOLDOffice

Intalex Capital Acquires Office Building On East Broward Boulevard In Fort Lauderdale For $43M

110 E Broward Blvd Fort Lauderdale, FL 33301, USA

$43,000,000

$125/SF

Building Size

343,500 SF

Asset Type

Office

Closing

May 15, 2023

AI

The office property located at 110 East Broward Boulevard in Fort Lauderdale has been sold. The property spans a total area of 343,500 square feet and was sold for a price of $43,000,000, resulting in a price per square foot of $125. The transaction took place on 05/15/2023.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: $43,000,000

Todd Rosenberg and Bryson Ridgway from Intalex Capital acquired the property. The seller in this transaction was Stockbridge. The deal was facilitated by CBRE, with Christian Lee, Andrew Chilgren, Marcos Minaya, and Sean Kelly serving as the brokers representing the parties involved.

Players

Sean Kelly

CBRE

Broker

$860.3M

vol

22 deals

Broker

Miami 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

0.37%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93