Bernheim Kelley Battista & Bliss, LLC Acquires Office Building In Fort Lauderdale For $3.95M
SOLD
$3,950,000
Florida
See Similar DealsOffice14,000 SF
Sold 01/18/2022
SOLD
Bernheim Kelley Battista & Bliss, LLC Acquires Office Building In Fort Lauderdale For $3.95M
1212 East Broward Boulevard, Fort Lauderdale, Florida 33301, United States
See Similar DealsOffice14,000 SF
Sold 01/18/2022
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$282
Total Square Footage:14,000 SF
Transaction Type:Sale
The recently closed property transaction in Fort Lauderdale involved an office building located at 1212 E Broward Blvd. The property, spanning 14,000 square feet, was sold by 1212 Building LLC to Bernheim Kelley Battista & Bliss, LLC for a total price of $3,950,000. This equates to a price per square foot of $282.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $3,950,000
- Address: 1212 E Broward Blvd
- Market: Fort Lauderdale
The sale was facilitated by Jordan Beck and Joseph Byrnes from Berger Commercial Realty/CORFAC International, who represented both the buyer, Bernheim Kelley Battista & Bliss, LLC, and the seller, 1212 Building LLC.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$210,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,033.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,725.02
Annual Debt Service$224,700.18
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