facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Office

/

Sale

/

5701 N Andrews Way, Fort La...

Nexus Property Partners, LLC Acquires Fort Lauderdale Office Building For $3.1M
SOLDOffice

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

Jonathan Thiel

Berger Commercial Realty

Broker

$20.9M

vol

12 deals

Broker
Berger Realty
Berger RealtyBrokerage

Fort Lauderdale Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

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