MHCommercial Real Estate Fund Acquires Office At 2601 East Oakland Park Blvd In Fort Lauderdale For $11.75M
2601 East Oakland Park Boulevard, Fort Lauderdale, FL, USA
$11,750,000
$196/SF
Building Size
59,942 SF
Asset Type
Office
Closing
Sep 8, 2019
About this deal
AI
Netz USA LLC has sold an office property located at 2601 East Oakland Park Boulevard in Fort Lauderdale. The property spans a total area of 59,942 square feet and was sold for a price of $11,750,000, translating to approximately $196 per square foot.
Summary of transation details
- Property Type: Office
- Transaction Amount: $11,750,000
- Address: 2601 East Oakland Park Boulevard
- Market: Fort Lauderdale
The buyer of this property is MHCommercial Real Estate Fund. The sale transaction was facilitated by Cushman & Wakefield brokers including Scott O’Donnell, Dominic Montazemi, Greg Miller, Miguel Alcivar, Jason Hochman, and Michael Ciadella.
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
1.35%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93