Shashidhar Kusuma & Usha Kusuma Acquire Office Building In Fort Lauderdale, FL
2235 North Commerce Parkway, Fort Lauderdale, Florida 33326, United States
$2,769,920
$425/SF
Building Size
6,512 SF
Asset Type
Office
Closing
May 1, 2022
About this deal
AI
An office building located at 2235 N Commerce Pkwy in Fort Lauderdale, FL has been sold. The property, spanning across 6,512 square feet, was purchased for a price of $2,769,920, resulting in a price per square foot of $425.
Summary of transaction details
- Property Type: Office Building
- Transaction Amount: $2,769,920
- Address: 2235 N Commerce Pkwy, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
- Buyer: Shashidhar Kusuma & Usha Kusuma
- Seller: Maria Bernardita C. Cadiz & Eduardo T. Cadiz Jr
The buyers of the property are Shashidhar Kusuma and Usha Kusuma. On the other hand, Maria Bernardita C. Cadiz and Eduardo T. Cadiz Jr acted as the sellers.
Players
Weston Office Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.73%
Cash-on-Cash
-1.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93