Gregory Michael Dell & Kelly A. Dell Acquire Office Building In Fort Lauderdale For $3.02M
SOLD
$3,020,000
Florida
See Similar DealsOffice9,765 SF
Sold 10/04/2021
SOLD
Gregory Michael Dell & Kelly A. Dell Acquire Office Building In Fort Lauderdale For $3.02M
2625 Weston Rd, Weston, FL, USA
See Similar DealsOffice9,765 SF
Sold 10/04/2021
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$309
Total Square Footage:9,765 SF
Transaction Type:Sale
The office property located at 2625 Weston Rd in Fort Lauderdale has been sold for $3,020,000. Covering an area of 9,765 square feet, the property was purchased by Gregory Michael Dell & Kelly A. Dell from Eiglarsh Executive Offices LLC. The price per square foot for this transaction was $309.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $3,020,000
- Address: 2625 Weston Rd, Fort Lauderdale
- Buyer: Gregory Michael Dell & Kelly A. Dell
- Seller: Eiglarsh Executive Offices LLC
- Square Footage: 9,765
- Price per Square Foot: $309
This sale transaction involved Gregory Michael Dell & Kelly A. Dell as the buyers, while Eiglarsh Executive Offices LLC acted as the seller. The deal was successfully concluded on 10/04/2021.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$161,066.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,729.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,316.34
Annual Debt Service$171,796.09
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