Lorraine Shim, Kim Praitano & John Arasi Purchase Fort Lauderdale Office Building For $3.75M
4850 Prospect Road, Fort Lauderdale, FL, USA
$3,750,000
$254/SF
Building Size
14,727 SF
Asset Type
Office
Closing
Apr 17, 2023
About this deal
AI
The office property located at 4850 W Prospect Rd in Fort Lauderdale, FL has been sold for $3,750,000. The property spans across 14,727 square feet, resulting in a price per square foot of $255.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $3,750,000
- Address: 4850 W Prospect Rd, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
- Square Footage: 14,727
- Price per Square Foot: $255
The buyers of the property are Lorraine Shim, Kim Praitano, and John Arasi. On the other hand, Laurence Combrouze and Yves Yon acted as the sellers in this transaction.
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
4.23%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93