ABCD Courthouse Place LLC Acquires Office Building In Fort Lauderdale For $18.2M
SOLD
$18,200,000
+ 1
Florida
See Similar DealsOffice66,426 SF
Sold 03/02/2020
SOLD
ABCD Courthouse Place LLC Acquires Office Building In Fort Lauderdale For $18.2M
12 SE 7th Street
See Similar DealsOffice66,426 SF
Sold 03/02/2020
+ 1
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$274
Total Square Footage:66,426 SF
Transaction Type:Sale
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
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$970,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$64,660.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$86,277.29
Annual Debt Service$1,035,327.42
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