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2949 West Cypress Creek Road

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

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

2949 West Cypress Creek Road

$1,050,000

$280/SF

Building Size

3,742 SF

Asset Type

Office

Closing

Jun 12, 2025

AI

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

Clinton Casey

Broker

$6.3M

vol

3 deals

Broker

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

15.11%

Cash-on-Cash

-4.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93