Moshe Oppenheim Acquires Office Building In Fort Lauderdale For $2.2M
303 Northwest 1st Avenue, Fort Lauderdale, Florida 33301, United States
$2,200,000
$1,232/SF
Building Size
1,785 SF
Asset Type
Office
Closing
Jun 13, 2022
AI
The office building located at 303 NW 1st Ave in Fort Lauderdale, FL has been sold in a transaction that took place on June 14, 2022. The property spans 1,785 square feet and was sold for a total price of $2,200,000, resulting in a price per square foot of $1,232.
Summary of transaction details:
- Property Type: Office Building
- Transaction Amount: $2,200,000
- Square Footage: 1,785
- Price per Square Foot: $1,232
- Address: 303 NW 1st Ave, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
Moshe Oppenheim acted as the buyer in this transaction, while Dev Motwani represented the seller.
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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93