facebook
Traded Co logo
Submit

Guofeng Ma & Wei Cheng Acquire Fort Lauderdale Office For $4.2M

Property Image
SOLD
$4,200,000

Florida

See Similar Deals
Office25,530 SF
Sold 08/04/2021
the dealplayerscompscontact
Property Image
SOLD

Guofeng Ma & Wei Cheng Acquire Fort Lauderdale Office For $4.2M

400 Sawgrass Corporate Parkway, Sunrise, FL, USA

See Similar Deals
Office25,530 SF
Sold 08/04/2021
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$164
Total Square Footage:25,530 SF
Transaction Type:Sale

Acquired for a total price of $4,200,000, the office property located at 400 Sawgrass Corporate Pkwy in Fort Lauderdale has been sold. With a total area of 25,530 square feet, the property was purchased at a rate of $165 per square foot.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $4,200,000
  • Square Feet: 25,530
  • Price Per Square Foot: $165
  • Address: 400 Sawgrass Corporate Pkwy, Fort Lauderdale

The buyers of the property were Guofeng Ma & Wei Cheng, while the seller was Stair Daryl.

Players

DS
Daryl Stair
2 deals$19M volume
SELLER

Details

SOLD
IMAGE: 08/04/2021 ADDRESS: 400 Sawgrass Corporate Pkwy MARKET: Fort Lauderdale ASSET TYPE: Office BUYER: Guofeng Ma & Wei Cheng SELLER: Stair Daryl SALE PRICE: $4,200,000 SF: 25,530 ~ PPSF: $165

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$223,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,921.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,910.14
Annual Debt Service$238,921.71