Dev Motwani Acquires Office Building In Fort Lauderdale For $2.1M
SOLD
$2,100,000
Florida
See Similar DealsOffice2,526 SF
Sold 09/26/2022
SOLD
Dev Motwani Acquires Office Building In Fort Lauderdale For $2.1M
421 North Andrews Avenue, Fort Lauderdale, Florida 33301, United States
See Similar DealsOffice2,526 SF
Sold 09/26/2022
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$831
Total Square Footage:2,526 SF
Transaction Type:Sale
The office building located at 421 N Andrews Ave in Fort Lauderdale, FL has been sold in a recent transaction. The property spans 2,526 square feet and was sold for a price of $2,100,000, resulting in a price per square foot of $831.
Summary of transaction details:
- Property Type: Office Building
- Transaction Amount: $2,100,000
- Square Footage: 2,526
- Price Per Square Foot: $831
- Address: 421 N Andrews Ave, Fort Lauderdale, FL
In this transaction, Dev Motwani served as the buyer, while Alan C Hooper acted as the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$112,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86
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