Nexus Property Partners, LLC Acquires Fort Lauderdale Office Building For $3.1M
5701 N Andrews Way, Fort Lauderdale, FL 33309, USA
$3,125,000
$135/SF
Building Size
23,025 SF
Asset Type
Office
Closing
Aug 13, 2020
AI
The office property located at 5701-5775 North Andrews Way in Fort Lauderdale has been sold for a price of $3,125,000. The transaction took place on August 14, 2020. The property spans a total area of 23,025 square feet, resulting in a price per square foot of $136. The seller of the property was North Andrews Way Corp, while the buyer was Nexus Property Partners, LLC represented by Robert Ebrahimian.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $3,125,000
- Address: 5701-5775 North Andrews Way, Fort Lauderdale
- Market: Fort Lauderdale
- Square Footage: 23,025
- Price per Square Foot: $136
The deal was facilitated by Jonathan Thiel and Keith R. Graves from Berger Commercial Realty/Corfac International, who represented both the buyer and the seller 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
5.08%
Cash-on-Cash
-1.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93