facebook
Traded Co logo
Submit
Daily limit: 0/10

Azala Real Estate LLC Purchases Boutique Office Building From Hub & Spoke LLC For $985,000

Property Image
SOLD
$985,000
Jaime Sturgis
Sarah Adler
Jeremiah Adler

Florida

See Similar Deals
Office1,412 SF
Sold 11/19/2024
the dealplayerscompscontact
Property Image
SOLD

Azala Real Estate LLC Purchases Boutique Office Building From Hub & Spoke LLC For $985,000

412 Southeast 13th Street

See Similar Deals
Office1,412 SF
Sold 11/19/2024
Jaime Sturgis
Sarah Adler
Jeremiah Adler
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$697
Total Square Footage:1,412 SF
Transaction Type:Sale

A 1,412-square-foot boutique office building located at 412 Southeast 13th Street in Fort Lauderdale was sold for $985,000. The asset is classified as an office in the Fort Lauderdale market, with a price per square foot of $698.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $985,000
  • Square Footage: 1,412
  • Address: 412 Southeast 13th Street
  • Market: Fort Lauderdale
  • Price Per Square Foot: $698
  • Buyer: Azala Real Estate LLC
  • Seller: Hub & Spoke LLC
  • Brokers: Jaime Sturgis, Jeremiah Adler & Sarah Adler - Native Realty

Players

Jaime Sturgis
Native Realty
Jaime Sturgis
47 deals$234.1M volume
BROKER
Sarah Adler
Native Realty
Sarah Adler
5 deals$6.4M volume(954) 595-2999
BROKER
Jeremiah Adler
Native Realty
Jeremiah Adler
4 deals$6.4M volume(954) 595-2999
BROKER

Details

SOLD
IMAGE: Jeremiah Adler, Sarah Adler & Jaime Sturgis DATE: 11/19/2024 ADDRESS: 412 Southeast 13th Street MARKET: Fort Lauderdale ASSET TYPE: Office BUYER: Azala Real Estate LLC SELLER: Hub & Spoke LLC BROKERS: Jaime Sturgis (@JaimeSturgis), Jeremiah Adler & Sarah Adler (@AdlerRealtyfl) - Native Realty (@NativeRealty) SALE PRICE: $985,000 SF: 1,412 ~ PPSF: $698 NOTE: Native Realty brokered the $985,000 sale of a 1,412-square-foot boutique office building at 412 SE 13th St. in Fort Lauderdale. Jaime Sturgis, alongside Jeremiah and Sarah Adler, represented the seller, Hub & Spoke LLC, while Azala Real Estate LLC was the buyer.

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)

$52,533.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,499.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,669.40
Annual Debt Service$56,032.83