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545 N Andrews Ave, Fort Lau...

Lisa Q Metts, Richard Heaton, And Evan Mccord Acquire Office Building In Fort Lauderdale, FL For $57.4M
SOLDOffice

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

Alan C Hooper

Urban Street Development

Broker

$133.9M

vol

6 deals

Broker
Alan C Hooper

Alan C Hooper

Urban Street Development

Seller

$133.9M

vol

6 deals

Seller

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