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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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