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
from acquired the property. The seller in this transaction was . 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
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