ABCD Courthouse Place LLC Acquires Office Building In Fort Lauderdale For $18.2M
12 SE 7th Street
$18,200,000
$274/SF
Building Size
66,426 SF
Asset Type
Office
Closing
Mar 1, 2020
About this deal
AI
Located at 12 Southeast 7th Street in Fort Lauderdale's market, an office property has been sold in a closed transaction. The property spans an area of 66,426 square feet.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $18,200,000
- Price per Square Foot: $274
The buyer of the property is ABCD Courthouse Place LLC, represented by Menachem Gurevitch. On the other hand, the seller is Highline Real Estate Capital & Sefira Capital. The deal was facilitated by brokers Scott O’Donnell, Greg Miller, Dominic Montazemi, and Miguel Alcivar from Cushman & Wakefield.
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
0.87%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93