Sun Medical 2866 LLC Acquires Fort Lauderdale Office Property For $4.4M
SOLD
$4,400,000
Florida
See Similar DealsOffice14,053 SF
Sold 08/02/2020
SOLD
Sun Medical 2866 LLC Acquires Fort Lauderdale Office Property For $4.4M
2866-2870 East Oakland Park Boulevard,Fort Lauderdale
See Similar DealsOffice14,053 SF
Sold 08/02/2020
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$313
Total Square Footage:14,053 SF
Transaction Type:Sale
2866-2870 East Oakland Park Boulevard in Fort Lauderdale has been sold for $4,400,000. The office property spans 14,053 square feet and has a price per square foot of $313. The sale took place on 08/02/2020.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $4,400,000
- Address: 2866-2870 East Oakland Park Boulevard, Fort Lauderdale
- Square Footage: 14,053
- Price per Square Foot: $313
The buyer, Sun Medical 2866 LLC, acquired the property from the seller, TDH 2866 LLC & TDH 2870 LLC. Lyman Phillips from Karlington Commercial represented the buyer, while Stephen Hyatt from Berger Commercial Realty/Corfac International represented the seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$234,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,632.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,858.24
Annual Debt Service$250,298.94
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