Alicia Cervera Lamadrid & Alberto Lamadrid Acquire Office In Fort Lauderdale For $5.2M
4101 NW 4th St, Fort Lauderdale, FL, USA
$5,200,000
$107/SF
Building Size
48,246 SF
Asset Type
Office
Closing
Sep 19, 2021
About this deal
AI
The office property located at 4101 NW 4th St in Fort Lauderdale has been sold for a total price of $5,200,000. With a total square footage of 48,246, the property was sold at a price per square foot of $108. The transaction took place on September 20, 2021, and the seller was David Argy. The buyers of the property were Alicia Cervera Lamadrid and Alberto Lamadrid.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $5,200,000
- Square Footage: 48,246
- Price Per Square Foot: $108
- Buyer: Alicia Cervera Lamadrid & Alberto Lamadrid
- Seller: David Argy
Representing the buyers in this transaction as their broker was Alicia Cervera Lamadrid & Alberto Lamadrid.
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