Radomir Penjevic Acquires Office Building In Fort Lauderdale For $12.7M
S University Dr, Fort Lauderdale, Florida 33328, United States
$12,700,000
$301/SF
Building Size
42,069 SF
Asset Type
Office
Closing
Jan 30, 2022
About this deal
AI
The office property located at 2 S University Dr in Fort Lauderdale, FL was recently sold in a closed transaction. The sale took place on January 31, 2022, and the asset consisted of a total area of 42,069 square feet. The price at which the property was sold was $12,700,000, resulting in a price per square foot of $301. The buyer of the property was Radomir Penjevic, while the sellers were Jeffrey Roth & Rene Gerdom.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $12,700,000
- Square Footage: 42,069
- Price per Square Foot: $301
- Address: 2 S University Dr, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
In this transaction, Radomir Penjevic acted as the buyer, while Jeffrey Roth & Rene Gerdom represented the sellers. The deal highlights the active involvement of these key individuals in the real estate market.
Players
Davie Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Radomir Penjevic to view all their deals.
Browse Davie office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.25%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93