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5410 Northwest 33rd Avenue,...

GDF Properties Acquires Office Building In Fort Lauderdale For $6.3M
SOLDOffice

GDF Properties Acquires Office Building In Fort Lauderdale For $6.3M

5410 Northwest 33rd Avenue, Fort Lauderdale, FL, USA

$6,300,000

$99/SF

Building Size

63,266 SF

Asset Type

Office

Closing

Jan 16, 1920

AI

An office property located at 5410-5430 Northwest 33rd Avenue in Fort Lauderdale has been sold in a closed transaction. The property, spanning 63,266 square feet, was sold for a price of $6,300,000, resulting in a price per square foot of $99. The transaction took place on January 17, 2020.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $6,300,000
  • Square Footage: 63,266
  • Price per Square Foot: $99
  • Market: Fort Lauderdale

The seller of the office property was Liberty Property Trust, while the buyer was GDF Properties. The deal was facilitated by brokers Jonathan Salk from Axiom Capital Advisors and Reshma Parvani from Parvani Commercial Group.

Players

Reshma Parvani

Parvani Commercial Group

Broker

$35.9M

vol

5 deals

Broker
GP
GDF PropertiesBuyer
LT
Liberty Property TrustSeller

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

2.52%

Cash-on-Cash

-0.72%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93