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525 NE 13th St, Fort Lauder...

Edge Construction Acquires Office Property In Fort Lauderdale For $1M
SOLDOffice

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

Ryan Shaw

Marcus & Millichap

Broker

$145.7M

vol

22 deals

Broker

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