Sun Medical 2866 LLC Acquires Fort Lauderdale Office Property For $4.4M
2866-2870 East Oakland Park Boulevard,Fort Lauderdale
$4,400,000
$313/SF
Building Size
14,053 SF
Asset Type
Office
Closing
Aug 2, 2020
AI
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.
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
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93