Mmac Pix Weston Fl Spe LLC Acquires Office Building In Fort Lauderdale For $17.2M
2229 North Commerce Parkway, Weston, FL, USA
$17,218,293
$528/SF
Building Size
32,559 SF
Asset Type
Office
Closing
Aug 30, 2021
About this deal
AI
The office property located at 2229 N Commerce Pkwy in Fort Lauderdale has been sold in a recent transaction. The property spans 32,559 square feet and was sold for a price of $17,218,293, resulting in a price per square foot of $529.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $17,218,293
- Address: 2229 N Commerce Pkwy
- Market: Fort Lauderdale
Mmac Pix Weston Fl Spe LLC has acquired the property from Catherine Hernandez. The transaction represents a successful deal for both parties involved in this office sale.
Players
Weston 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
0.92%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93