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

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SOLD
$10,700,000

Florida

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Office54,578 SF
Sold 02/12/2020
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Property Image
SOLD

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

5400 South University Drive, Davie, FL, USA

See Similar Deals
Office54,578 SF
Sold 02/12/2020
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Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$196
Total Square Footage:54,578 SF
Transaction Type:Sale

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
4 deals$67.3M volume
BROKER

Bastian Schauer
Colliers
42 deals$3B volume(561) 281-6656
BROKER

Details

SOLD
IMAGE: Harry Blyden & Bastian Laggerbauer DATE: 02/12/2020 ADDRESS: 5400 South University Drive MARKET: Davie ASSET TYPE: Office BUYER: Reflin 22 WG LLC - Sergio Viaggio SELLER: University Park Holdings LLC (Palm Property Management) BROKERS: Harry Blyden & Bastian Laggerbauer - Colliers International Florida PRICE: $10,700,000 SF: 54,578 ~ PPSF: $196

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$570,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$38,014.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$50,723.46
Annual Debt Service$608,681.51