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
About this deal
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.
On the Map
$2,200,000
$1,232/SF
Office
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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