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
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