Patrick Bet-David Acquires Office Building In Fort Lauderdale For $4.2M
5990 Federal Highway, Fort Lauderdale, Florida 33308, United States
$4,200,000
$369/SF
Building Size
11,376 SF
Asset Type
Office
Closing
Dec 27, 2021
About this deal
AI
Located at 5990 Federal Highway in Fort Lauderdale, this office asset was sold in a recent transaction. The property spans an area of 11,376 square feet and was sold for a total price of $4,200,000, resulting in a price per square foot of $369.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $4,200,000
The buyers of the property are Jennifer and Patrick Bet-David, while the sellers are Violet Properties represented by Jessie Lacey. The deal was facilitated by broker Jaime Sturgis from Native Realty.
Players
Fort Lauderdale Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Jaime Sturgis to view all their deals.
Browse Florida office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93