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Saint Sylvester LLC Acquires Two Office Condos From Private Care Holdings LLC For $1.05M

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SOLD
$1,050,000

Florida

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Office3,742 SF
Sold 06/12/2025
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Property Image
SOLD

Saint Sylvester LLC Acquires Two Office Condos From Private Care Holdings LLC For $1.05M

2949 West Cypress Creek Road

See Similar Deals
Office3,742 SF
Sold 06/12/2025
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Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$280
Total Square Footage:3,742 SF
Transaction Type:Sale

A sale transaction involving office condos occurred at 2949 West Cypress Creek Road Suite 101 & 201 in Fort Lauderdale. The property spans 3.93 acres and consists of two office condos with a total square footage of 3,742. The sale price reached $1,050,000, resulting in a price per square foot of $281.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $1,050,000
  • Buyer: Saint Sylvester LLC
  • Seller: Private Care Holdings, LLC
  • Broker: Clinton Casey - The Rotella Group
  • Square Footage: 3,742
  • Price per Square Foot: $281
  • Seller Financing Amount: $400,000

This transaction was facilitated by Clinton Casey from The Rotella Group, representing the seller, Private Care Holdings, LLC. The buyer, Saint Sylvester LLC, successfully acquired the property, which has significant potential for office use in the Fort Lauderdale market.

Players

3 deals$6.3M volume
BROKER

Details

SOLD
IMAGE: Clinton Casey DATE: 06/12/2025 ADDRESS: 2949 West Cypress Creek Road Suite 101 & 201 MARKET: Fort Lauderdale ASSET TYPE: Office ~ ACRES: 3.93 BUYER: Saint Sylvester LLC SELLER: Private Care Holdings, LLC BROKER: Clinton Casey - The Rotella Group (@Rotella_Group) SALE PRICE: $1,050,000 SF: 3,742 ~ PPSF: $281 NOTE: SAINT SYLVESTER LLC bought two office condos totaling 3,742 SF at 2949 W Cypress Creek Rd in Fort Lauderdale for $1.05M from PRIVATE CARE HOLDINGS LLC. Clinton Casey of The Rotella Group brokered the deal; $400K of the purchase was seller-financed.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$55,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,730.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,977.54
Annual Debt Service$59,730.43