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
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