Bernheim Kelley Battista & Bliss, LLC Acquires Office Building In Fort Lauderdale For $3.95M
1212 East Broward Boulevard, Fort Lauderdale, Florida 33301, United States
$3,950,000
$282/SF
Building Size
14,000 SF
Asset Type
Office
Closing
Jan 17, 2022
AI
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
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
4.02%
Cash-on-Cash
-1.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93