Marcus & Millichap Sells Lauderhill Office Building For $3.6M
5950 West Oakland Park Boulevard & 5950 West Oakland Park Boulevard
$3,600,000
$43/SF
Building Size
41,070 SF
Asset Type
Office
Closing
Aug 3, 2020
About this deal
AI
The office property located at 5950 W Oakland Park Boulevard in Lauderhill has been sold for a price of $3,600,000. The property spans a total area of approximately 41,070 square feet, resulting in a price per square foot of $88.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $3,600,000
- Address: 5950 W Oakland Park Boulevard, Lauderhill
- Market: Lauderhill
The sale of this office asset was facilitated by the brokers Alex Zylberglait and Michael Crocchiola from Marcus & Millichap.
Players
Lauderhill 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
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93