Abe Boujerdi Acquires Office Building In Fort Lauderdale From Elizabeth Athanasakos Trust For $2.1M
2631 East Oakland Park Boulevard
$2,123,700
$148/SF
Building Size
14,271 SF
Asset Type
Office
Closing
Dec 30, 2022
About this deal
AI
An office property located at 2631 East Oakland Park Boulevard in Fort Lauderdale has been sold. The transaction took place on 12/30/2022. The property spans 14,271 square feet and was sold for a price of $2,123,700, resulting in a price per square foot of $149.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,123,700
- Address: 2631 East Oakland Park Boulevard, Fort Lauderdale
- Date: 12/30/2022
- Market: Fort Lauderdale
The buyer in this transaction is Abe Boujerdi, while the seller is the Elizabeth Athanasakos Trust. The deal was facilitated by brokers Elon Gerberg and Adam H Klein from SVN.
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
7.47%
Cash-on-Cash
-2.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93