Lionheart Capital Acquires Office Building In Fort Lauderdale For $14.5M
200 West Cypress Creek Road, Fort Lauderdale, Florida 33309, United States
$14,500,000
$144/SF
Building Size
100,104 SF
Asset Type
Office
Closing
Jan 21, 2022
AI
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.
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
1.09%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93