Moshe Oppenheim Acquires Office Building In Fort Lauderdale For $2.2M
SOLD
$2,200,000
Florida
See Similar DealsOffice1,785 SF
Sold 06/14/2022
SOLD
Moshe Oppenheim Acquires Office Building In Fort Lauderdale For $2.2M
303 Northwest 1st Avenue, Fort Lauderdale, Florida 33301, United States
See Similar DealsOffice1,785 SF
Sold 06/14/2022
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$1,232
Total Square Footage:1,785 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$117,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429.12
Annual Debt Service$125,149.47
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