Ellen Itzler Sells Office Property At 1421 Se 4th Ave Fort Lauderdale For $2.5M
SOLD
$2,500,000
Florida
See Similar DealsOffice5,088 SF
Sold 07/22/2021
SOLD
Ellen Itzler Sells Office Property At 1421 Se 4th Ave Fort Lauderdale For $2.5M
1421 Se 4th Ave
See Similar DealsOffice5,088 SF
Sold 07/22/2021
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$491
Total Square Footage:5,088 SF
Transaction Type:Sale
The property asset involved in this transaction is located at 1421 Se 4th Ave, Fort Lauderdale. This office space has a total square footage of 5,088. The transaction was finalized for a price of $2,500,000.00.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,500,000.00
- Address: 1421 Se 4th Ave
- Market: Fort Lauderdale
- Square Footage: 5,088
- Seller: Ellen Itzler
- Broker: Tyler Kuhlman
This transaction involved Ellen Itzler as the seller, with Tyler Kuhlman representing the interests of the broker in this deal. The brokerage managed the transaction facilitating the sale of the property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31
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