Oaktree Capital Management Acquires Property From Realty Associates Fund X LP For $81.5M In Fort Lauderdale
200 E Broward BLVD, Fort Lauderdale...
$81,500,000
$360/SF
Building Size
226,000 SF
Asset Type
Office
Closing
Oct 27, 2017
About this deal
AI
The 200 East Broward building is a 21-story Class A office tower located at 200 E Broward BLVD, Fort Lauderdale. The property encompasses a total area of 226,000 square feet and has been sold for a transaction amount of $81,500,000.00 in the Fort Lauderdale market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $81,500,000.00
- Buyer: Oaktree Capital Management
- Seller: Realty Associates Fund X LP
- Buyer’s Representatives: José Lobón (CBRE), Amy Julian (CBRE)
- Financing: $55.5 million mortgage from MetLife
This transaction involved a joint venture between Banyan Street Capital and Oaktree Capital Management. The sale marked the first major office sale in downtown Fort Lauderdale in months, with CBRE’s Christian Lee also playing a key role in arranging the sale and financing. Additionally, professionals from Colliers International South Florida participated in the deal, contributing to its successful closure.
On the Map
$81,500,000
$360/SF
Office
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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
0.19%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93