Butters Realty & Management Acquires Miramar Office Building For $32.4M
3700 Lakeside Dr, Miramar, FL 33027, USA
$32,400,000
$189/SF
Building Size
171,000 SF
Asset Type
Office
Closing
Aug 26, 2020
About this deal
AI
The office property located at 3700 Lakeside Drive in Miramar was recently sold for a price of $32,400,000. The transaction took place on August 27, 2020. The property spans across an area of 171,000 square feet and was sold at a price per square foot of $189.
Summary of Transaction Details
- Property Type: Office
- Transaction Amount: $32,400,000
- Address: 3700 Lakeside Drive, Miramar
- Market: Miramar
- Square Footage: 171,000
The deal was facilitated by the brokers from Butters Realty & Management, namely Darcie Lunsford, Caroline Fleischer, Molly McDonough, and Sky Butters. They represented the parties involved in the transaction, ensuring a successful sale of the office property in Miramar.
Players
Miramar 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
0.49%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93