Dowding Holdings Acquires Fort Lauderdale Office For $1.35M
200 South Andrews Avenue, Fort Lauderdale, Florida 33301, United States
$1,347,000
$282/SF
Building Size
4,772 SF
Asset Type
Office
Closing
Jul 28, 2022
About this deal
AI
The office property located at 200 South Andrews Avenue in Fort Lauderdale has been sold for $1,347,000. The transaction took place on July 29, 2022. The property spans 4,772 square feet, resulting in a price per square foot of $282. The buyer of the property is Dowding Holdings, Inc and the seller is AMUCO Trading LLC.
Summary of transation details
- Property Type: Office
- Transaction Amount: $1,347,000
- Square Footage: 4,772
- Price per Square Foot: $282
- Date: July 29, 2022
- Address: 200 South Andrews Avenue, Fort Lauderdale
- Market: Fort Lauderdale
The deal was facilitated by Stephen Hyatt from Berger Commercial Realty /Corfac International, who represented the buyer.
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
11.78%
Cash-on-Cash
-3.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93