Alicia Cervera Lamadrid & Alberto Lamadrid Acquire Medical Office In Fort Lauderdale, FL For $5.2M
4101 NW 4th St, Fort Lauderdale, Florida, USA
$5,200,000
$107/SF
Building Size
48,246 SF
Asset Type
Office
Closing
Sep 19, 2021
About this deal
AI
The medical office located at 4101 NW 4th St in Fort Lauderdale, FL has been sold for a total price of $5,200,000. The property spans 48,246 square feet, resulting in a price per square foot of $108.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $5,200,000
- Address: 4101 NW 4th St, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
- Total Square Footage: 48,246
- Price per Square Foot: $108
The buyers in this transaction were Alicia Cervera Lamadrid & Alberto Lamadrid. The seller of the property was David Argy.
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
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93