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
About this deal
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.
On the Map
$6,300,000
$99/SF
Office
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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
2.52%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93