Richard Salter Acquires Office Space On E Commercial Blvd In Fort Lauderdale, FL For $3.4M
2809 East Commercial Boulevard, Fort Lauderdale, Florida 33308, United States
$3,400,000
$456/SF
Building Size
7,445 SF
Asset Type
Office
Closing
May 2, 2022
About this deal
AI
The office space located at 2801-2809 E Commercial Blvd in Fort Lauderdale, FL has been sold in a recent transaction. The property spans a total of 7,445 square feet and was sold for a price of $3,400,000, which translates to a price per square foot of $456.
Summary of transation details
- Property Type: Office Space
- Transaction Amount: $3,400,000
- Address: 2801-2809 E Commercial Blvd, Fort Lauderdale, FL
- Square Footage: 7,445
- Buyer: Richard Salter
- Seller: Sam Szteinbaum & Helen Szteinbaum
The buyer of the property is Richard Salter, while the sellers are Sam Szteinbaum and Helen Szteinbaum.
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
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93