SOLDOffice
Guofeng Ma & Wei Cheng Acquire Fort Lauderdale Office For $4.2M
400 Sawgrass Corporate Parkway, Sunrise, FL, USA
$4,200,000
$164/SF
Building Size
25,530 SF
Asset Type
Office
Closing
Aug 3, 2021
AI
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
Sunrise Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93