Banyan Street Capital Acquires Property At 2500 Weston Rd Fort Lauderdale For $52.25M
SOLD
$52,250,000
Florida
See Similar DealsOffice149,103 SF
SOLD
Banyan Street Capital Acquires Property At 2500 Weston Rd Fort Lauderdale For $52.25M
2500 Weston Rd, Fort Lauderdale, FL...
See Similar DealsOffice149,103 SF
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$350
Total Square Footage:149,103 SF
Transaction Type:Sale
A two-building, 149,103 square-foot Class A office campus located at 2500 Weston Rd, Fort Lauderdale, FL has been sold for $52,250,000. The property, known as Weston Corporate Center, is situated in the Weston market and features significant upgrades completed by KBS over the past three years.
Summary of transaction details:
- Property Type: Class A office campus
- Transaction Amount: $52,250,000.00
- Address: 2500 Weston Rd, Fort Lauderdale, FL
- Market: Weston
- Seller's Representative: José Lobón, CBRE
- Buyer: Banyan Street Capital
- Square Footage: 149,103
- Year Built: 1997 and 1998
- Leased Percentage: 94% to a variety of credit and nationally recognized corporate tenants
- Parking Ratio: 4.7 per 1,000 sf
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,786,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$185,633.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$247,691.66
Annual Debt Service$2,972,299.88
Is there something missing? Send suggestions