Radomir Penjevic Acquires Fort Lauderdale Office Building For $5.8M
2900 W Cypress Creek Rd, Fort Lauderdale, FL, USA
$5,800,000
$133/SF
Building Size
43,444 SF
Asset Type
Office
Closing
Aug 1, 2021
About this deal
AI
Summary of transaction details
- Property Type: Office
- Transaction Amount: $5,800,000
- Property Address: 2900 W Cypress Creek Rd, Fort Lauderdale
- Market: Fort Lauderdale
- Square Footage: 43,444
- Price per Square Foot: $134
The office property located at 2900 W Cypress Creek Rd, Fort Lauderdale, was recently sold for a transaction amount of $5,800,000. The property spans a total area of 43,444 square feet, resulting in a price per square foot of $134. The deal involved buyer Radomir Penjevic and sellers Patrice & Robert Coppola.
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
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93