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3800 West Broward Boulevard...

Updated Oct 28, 2024

Harvest Properties Associates Acquires Office Building In Broward County For $10.3M
SOLDOffice

Harvest Properties Associates Acquires Office Building In Broward County For $10.3M

3800 West Broward Boulevard, Fort Lauderdale, Florida 33312, United States

$10,300,000

$295/SF

Building Size

34,890 SF

Asset Type

Office

Closing

Feb 27, 2022

About this deal

AI

The office building located at 3800 West Broward Boulevard in Broward County has been sold in a transaction that closed on February 28, 2022. The property, measuring 34,890 square feet, was sold for a price of $10,300,000, resulting in a price per square foot of $295. The sale involved the buyer, Harvest Properties Associates, and the seller, Robert Vanecko.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $10,300,000
  • Address: 3800 West Broward Boulevard, Broward County
  • Market: Broward County
  • Buyer: Harvest Properties Associates
  • Seller: Robert Vanecko
  • Square Footage: 34,890
  • Price per Square Foot: $295

Harvest Properties Associates, represented by their broker Harvest Properties Associates - AGENCY, acquired the office building from Robert Vanecko. This transaction marks a significant deal in the Broward County market, showcasing the continued demand for office assets in the area.

Players

Fort Lauderdale Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $295 per square foot on a published $10.3M for 34,890 square feet (2022).

Browse Florida office sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.54%

Cash-on-Cash

-0.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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