Dowding Holdings Acquires Fort Lauderdale Office For $1.35M
SOLD
$1,347,000
Florida
See Similar DealsOffice4,772 SF
Sold 07/29/2022
SOLD
Dowding Holdings Acquires Fort Lauderdale Office For $1.35M
200 South Andrews Avenue, Fort Lauderdale, Florida 33301, United States
See Similar DealsOffice4,772 SF
Sold 07/29/2022
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$282
Total Square Footage:4,772 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$71,839.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,785.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,385.47
Annual Debt Service$76,625.61
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