facebook
Traded Co logo
Submit
Daily limit: 0/10

Lighthouse Of Broward Acquires BrightStar Credit Union's Former Headquarters In Sunrise For $6.2M

Property Image
SOLD
$6,200,000

Florida

See Similar Deals
Office23,185 SF
Sold 10/02/2023
the dealplayerscompscontact
Property Image
SOLD

Lighthouse Of Broward Acquires BrightStar Credit Union's Former Headquarters In Sunrise For $6.2M

5901 Del Lago Circle

See Similar Deals
Office23,185 SF
Sold 10/02/2023
Contact now

Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$267
Total Square Footage:23,185 SF
Transaction Type:Sale

A 2.02-acre office property located at 5901 Del Lago Circle in Sunrise has been sold for $6.2 million. The property consists of a 23,185-square-foot building and is situated in the Sunrise market.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $6,200,000
  • Acres: 2.02
  • Address: 5901 Del Lago Circle, Sunrise
  • Square Feet: 23,185

The buyer of the property is Lighthouse of Broward, a nonprofit organization. They acquired the property from BrightStar Credit Union, who recently relocated their headquarters to Cooper City. Lighthouse of Broward intends to utilize the building for their administrative functions and programs.

Involved in the transaction are the buyer's representative, Stephen Hyatt from Berger Commercial Realty, and the seller's representatives, Chris Wood from CBRE and Zach Wendelin from JLL.

It is worth noting that the sale price of the property amounts to a rate of $267 per square foot.

Players

R. Stephen (Steve) Hyatt
19 deals$111.9M volume(954) 494-3091
BROKER

Chris Wood
CBRE
2 deals$23.8M volume
BROKER

Zach Wendelin
JLL
13 deals$6.2M volume(305) 704-1372
BROKER

BUYER

Details

SOLD
IMAGE: Biana Murnane, Stephen Hyatt, Zach Wendelin, & Chris Wood DATE: 10/02/2023 ADDRESS: 5901 Del Lago Circle MARKET: Sunrise ASSET TYPE: Office ~ ACRES: 2.02 BUYER: Lighthouse of Broward (@LighthouseofBroward) - Timothy J. Moffatt SELLER: BrightStar Credit Union (@BrightStarCU) - Biana Murnane BUYER'S REP: Stephen Hyatt - Berger Commercial Realty (@BergerCommercialRealty) SELLER'S REP: Chris Wood - CBRE (@CBRE); Zach Wendelin - JLL (@JLL) SALE PRICE: $6,200,000 SF: 23,185 ~ PPSF: $267 NOTE: Nonprofit Lighthouse of Broward has acquired BrightStar Credit Union's former headquarters in Sunrise for $6.2 million. The 23,185-square-foot building will support Lighthouse of Broward's administrative functions and programs, while BrightStar Credit Union recently relocated its headquarters to Cooper City.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$330,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$22,027.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,391.16
Annual Debt Service$352,693.96