Ioan & Mary Rus Acquire Fort Lauderdale Office For $3.7M
5975 W Sunrise Blvd, Fort Lauderdale, FL, USA
$3,700,000
$85/SF
Building Size
43,282 SF
Asset Type
Office
Closing
Nov 1, 2021
About this deal
AI
A 43,282 square foot office property located at 5975 W Sunrise Blvd in Fort Lauderdale has been sold at a price of $3,700,000. The sale price per square foot was calculated at $85.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $3,700,000
- Address: 5975 W Sunrise Blvd, Fort Lauderdale
- Square Footage: 43,282
- Price per Square Foot: $85
Ioan & Mary Rus are the buyers of this property, while Yeldo Varkey & Roshan Arikupurathu are the sellers.
The office sale at 5975 W Sunrise Blvd, Fort Lauderdale, FL, USA in Fort Lauderdale, Florida sold for $3.7M in 2021. The building is 43,282 square feet, implying about 85 per square foot on the published price. Named participants on the 5975 W Sunrise Blvd, Fort Lauderdale, FL, USA sale are Ioan Rus. This page is the Fort Lauderdale, Florida file for the 5975 W Sunrise Blvd, Fort Lauderdale, FL, USA office sold: pricing, party profiles, and other closed office comps from the same Fort Lauderdale sit in the Market section below. Filter that Fort Lauderdale office set by closing date to see what else sold near 5975 W Sunrise Blvd, Fort Lauderdale, FL, USA around 2021. Published consideration for 5975 W Sunrise Blvd, Fort Lauderdale, FL, USA is $3.7M, dated 2021. Cite this Ioan & Mary Rus Acquire Fort Lauderdale Office For $3.7M sale when underwriting similar office product around Fort Lauderdale, Florida.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93