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5400 South University Drive...

Reflin 22 WG LLC Acquires Office Property In Davie For $10.7M
SOLDOffice

Reflin 22 WG LLC Acquires Office Property In Davie For $10.7M

5400 South University Drive, Davie, FL, USA

$10,700,000

$196/SF

Building Size

54,578 SF

Asset Type

Office

Closing

Feb 11, 2020

AI

Located at 5400 South University Drive in Davie, this recently closed transaction involved the sale of an office property. The property, spanning 54,578 square feet, was acquired by Reflin 22 WG LLC for a price of $10,700,000. The price per square foot for this transaction was $196. The deal was facilitated by brokers Harry Blyden and Bastian Laggerbauer from Colliers International Florida.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $10,700,000
  • Address: 5400 South University Drive
  • Market: Davie
  • Buyer: Reflin 22 WG LLC - Sergio Viaggio
  • Seller: University Park Holdings LLC (Palm Property Management)
  • Brokers: Harry Blyden & Bastian Laggerbauer - Colliers International Florida
  • Square Footage: 54,578
  • Price Per Square Foot: $196

This transaction was completed on February 12, 2020. Sergio Viaggio, representing Reflin 22 WG LLC, acted as the buyer, while University Park Holdings LLC, represented by Palm Property Management, served as the seller. The involvement of brokers Harry Blyden and Bastian Laggerbauer from Colliers International Florida helped facilitate the deal.

Players

Harry Blyden

Colliers

Broker

$67.3M

vol

4 deals

Broker

Davie 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

1.48%

Cash-on-Cash

-0.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93