Consolidated Properties Of Andrews Avenue, LLC Acquires Fort Lauderdale Office Building For $2.5M
2100 South Andrews Avenue, Fort Lauderdale, Florida 33316, United States
$2,500,000
$480/SF
Building Size
5,204 SF
Asset Type
Office
Closing
Apr 17, 2022
About this deal
AI
The office property located at 2100 South Andrews Avenue in Fort Lauderdale has been sold for a price of $2,500,000. The property spans 5,204 square feet and has a price per square foot of $480. The transaction took place on April 18, 2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $2,500,000
- Address: 2100 South Andrews Avenue
- Market: Fort Lauderdale
- Buyer: Consolidated Properties of Andrews Avenue, LLC
- Seller: RFH 2100, LLC
- Buyer's Representative: Ron Osborne - Sperry Commercial Global/RJ Realty
- Seller's Representative: Brian Batchelder - Berger Commercial Realty /Corfac International
Ron Osborne from Sperry Commercial Global/RJ Realty represented the buyer, Consolidated Properties of Andrews Avenue, LLC, in this transaction. Brian Batchelder from Berger Commercial Realty/Corfac International served as the seller's representative, representing RFH 2100, LLC
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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93