Walt Rosebrough Of Steris Instrument Management Services Acquires Plantation Office For $15.65M
1801 Northwest 66th Avenue
$15,650,000
$149/SF
Building Size
104,594 SF
Asset Type
Office
Closing
Jul 19, 2024
AI
A 6.15-acre office building located at 1801 Northwest 66th Avenue in Plantation was sold for $15,650,000. The asset encompasses a total area of 104,594 square feet, translating to a price per square foot of approximately $150.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $15,650,000
- Buyer: Walt Rosebrough - Steris Instrument Management Services
- Seller: Delta Investors Group
- Brokers: Chase Kulp & Deanna Lobinsky - Cushman & Wakefield
Steris Instrument Management Services, based in Mentor, Ohio, was involved in the acquisition, indicating its commitment to expanding its real estate portfolio in response to changing market dynamics. The transaction reflects shifts in the office property landscape influenced by evolving work environments.
Players
Plantation 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
1.01%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93