SOLDOffice
Azala Real Estate LLC Purchases Boutique Office Building From Hub & Spoke LLC For $985,000
412 Southeast 13th Street
$985,000
$697/SF
Building Size
1,412 SF
Asset Type
Office
Closing
Nov 19, 2024
AI
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
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
16.10%
Cash-on-Cash
-4.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93