Hall Consolidated Group LLC Acquires Fort Lauderdale Office Building For $7M
5100 North Federal Highway, Fort Lauderdale, FL 33308
$7,000,000
$164/SF
Building Size
42,442 SF
Asset Type
Office
Closing
Feb 18, 2022
About this deal
AI
The office property located at 5100 N. Federal Highway in Fort Lauderdale has been sold for a price of $7,000,000. The transaction took place on February 18, 2022. The property spans across 42,442 square feet, resulting in a price per square foot of $165. The buyer of the property is Hall Consolidated Group LLC, while the seller is 5100 Realty LLC. The sale was facilitated by Benjamin Silver from CBRE.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $7,000,000
- Address: 5100 N. Federal Highway, Fort Lauderdale
- Market: Fort Lauderdale
- Buyer: Hall Consolidated Group LLC
- Seller: 5100 Realty LLC
- Broker: Benjamin Silver - CBRE
- Square Footage: 42,442
- Price Per Square Foot: $165
This transaction highlights the successful acquisition of the office property by Hall Consolidated Group LLC, with Benjamin Silver of CBRE representing both the buyer and seller. The deal showcases the value of the property in the Fort Lauderdale market, providing an opportunity for Hall Consolidated Group LLC to expand their real estate portfolio in the area.
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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93