Intalex Capital Acquires Office Building On East Broward Boulevard In Fort Lauderdale For $43M
SOLD
$43,000,000
+ 2
Florida
See Similar DealsOffice343,500 SF
Sold
SOLD
Intalex Capital Acquires Office Building On East Broward Boulevard In Fort Lauderdale For $43M
110 E Broward Blvd Fort Lauderdale, FL 33301, USA
See Similar DealsOffice343,500 SF
Sold
+ 2
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$125
Total Square Footage:343500 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,293,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$152,769.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$203,841.94
Annual Debt Service$2,446,103.25
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