Dev Motwani Acquires Office Building In Fort Lauderdale For $2.1M
421 North Andrews Avenue, Fort Lauderdale, Florida 33301, United States
$2,100,000
$831/SF
Building Size
2,526 SF
Asset Type
Office
Closing
Sep 25, 2022
AI
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.
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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93