Lionheart Capital Acquires Office Building In Fort Lauderdale For $14.5M
SOLD
$14,500,000
Florida
See Similar DealsOffice100,104 SF
Sold 01/21/2022
SOLD
Lionheart Capital Acquires Office Building In Fort Lauderdale For $14.5M
200 West Cypress Creek Road, Fort Lauderdale, Florida 33309, United States
See Similar DealsOffice100,104 SF
Sold 01/21/2022
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$144
Total Square Footage:100,104 SF
Transaction Type:Sale
An office property located at 200 W Cypress Creek Rd in Fort Lauderdale has been sold for $14,500,000. The property spans an area of 100,104 square feet, resulting in a price per square foot of $145. The transaction took place on January 21, 2022.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $14,500,000
- Address: 200 W Cypress Creek Rd, Fort Lauderdale
- Market: Fort Lauderdale
- Buyer: Lionheart Capital - Ophir Sternberg
- Seller: MCNA Dental
- Square Footage: 100,104
- Price Per Square Foot: $145
Lionheart Capital, represented by Ophir Sternberg, acquired the office property from MCNA Dental in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$773,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$51,515.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$68,737.40
Annual Debt Service$824,848.77
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