Edge Construction Acquires Office Property In Fort Lauderdale For $1M
SOLD
$1,000,000
Florida
See Similar DealsOffice4,436 SF
Sold 12/07/2021
SOLD
Edge Construction Acquires Office Property In Fort Lauderdale For $1M
525 NE 13th St, Fort Lauderdale, FL, USA
See Similar DealsOffice4,436 SF
Sold 12/07/2021
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$225
Total Square Footage:4,436 SF
Transaction Type:Sale
525-527 NE 13th St in Fort Lauderdale has been sold in a recent transaction. The property is an office building with a total area of 4,436 square feet. The sale price for this transaction was $1,000,000, resulting in a price per square foot of $225.
Summary of transation details
- Property Type: Office
- Transaction Amount: $1,000,000
- Address: 525-527 NE 13th St, Fort Lauderdale
- Market: Fort Lauderdale
The buyer in this transaction was Edge Construction, while Aftab Saleem acted as the seller. A.J. Belt from Cushman & Wakefield represented the buyer, while Ryan Shaw and Quinn Sousa from Marcus & Millichap represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$53,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,552.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,740.51
Annual Debt Service$56,886.12
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