Peter M. Scerbo Acquires Office Building In Fort Lauderdale For $3.7M
255 Southeast 14th Street, Fort Lauderdale, FL, USA
$3,705,000
$408/SF
Building Size
9,070 SF
Asset Type
Office
Closing
Jul 6, 2021
About this deal
AI
The office property located at 255 SE 14th St in Fort Lauderdale has been sold in a recent transaction. The property spans a total of 9,070 square feet and was purchased by Peter M. Scerbo.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $3,705,000
- Sale Price per Square Foot: $408
- Seller: Constace E. Commette, Jack R. Loving, David M. Scully, Joseph M. Balocco Sr & Collins H. Forman Jr.
Peter M. Scerbo represented himself as the buyer in this deal. The seller of the property includes Constance E. Commette, Jack R. Loving, David M. Scully, Joseph M. Balocco Sr, and Collins H. Forman Jr. The transaction price for the property was $3,705,000, with a sale price per square foot of $408.
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
4.28%
Cash-on-Cash
-1.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93