Edge Construction Acquires Office Property In Fort Lauderdale For $1M
525 NE 13th St, Fort Lauderdale, FL, USA
$1,000,000
$225/SF
Building Size
4,436 SF
Asset Type
Office
Closing
Dec 7, 2021
AI
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.
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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93