Thomas Smith Acquires Office Building In Davie For $5.7M
SOLD
Florida
See Similar DealsOffice24,400 SF
Sold 06/30/2022
SOLD
Thomas Smith Acquires Office Building In Davie For $5.7M
351 Southwest 136th Avenue
See Similar DealsOffice24,400 SF
Sold 06/30/2022
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$233
Total Square Footage:24,400 SF
Transaction Type:Sale
The office property located at 351 SW 136th Ave in Davie has been sold in a closed transaction. The property spans approximately 24,400 square feet with a price per square foot of $234. The sale price for the property was $5,700,000. The transaction took place on June 30, 2022.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $5,700,000
The buyer of the property is Thomas Smith, while the seller is Thomas Bluth. The deal was facilitated by Austin Bergman from Compass. Austin Bergman represented either the buyer or the seller in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$304,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,250.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,020.91
Annual Debt Service$324,250.90
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