Lisa Q Metts, Richard Heaton, And Evan Mccord Acquire Office Building In Fort Lauderdale, FL For $57.4M
545 N Andrews Ave, Fort Lauderdale, Florida, USA
$57,409,244
$4,630/SF
Building Size
12,398 SF
Asset Type
Office
Closing
Sep 30, 2021
AI
The office property located at 545 N Andrews Ave in Fort Lauderdale, FL has been sold in a transaction that took place on October 1, 2021. The property spans 12,398 square feet and was sold for a price of $57,409,244, resulting in a price per square foot of $4,631. The buyer of the property is Lisa Q Metts, Richard Heaton, and Evan McCord, while the seller is Alan C. Hooper.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $57,409,244
- Address: 545 N Andrews Ave, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
- Square Footage: 12,398
- Buyer: Lisa Q Metts, Richard Heaton, Evan McCord
- Seller: Alan C. Hooper
- Price per Square Foot: $4,631
The sale of this office property was facilitated by Lisa Q Metts, Richard Heaton, and Evan McCord. They represented the buyer in the transaction.
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
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93