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6300 Northwest 5th Way

Jenssen Varela Acquires Office In Fort Lauderdale For $3,310,000 From Mark Bloom
SOLDOffice

Jenssen Varela Acquires Office In Fort Lauderdale For $3,310,000 From Mark Bloom

6300 Northwest 5th Way

$3,310,000

$149/SF

Building Size

22,119 SF

Asset Type

Office

Closing

Dec 11, 2024

AI

The property involved in the transaction is an office asset located at 6300 Northwest 5th Way in Fort Lauderdale. The sale price for this asset was $3,310,000. It has a total square footage of 22,119, resulting in a price per square foot of $149.

Summary of transaction details:

Jenssen Varela is the buyer of the property, while Mark Bloom is the seller. The transaction was facilitated by brokers Douglas Mandel, Zach Levine, and Joshua Gilbert, who represent the selling entity through the agency Marcus & Millichap.

Players

Douglas K. Mandel

Marcus & Millichap

Broker

$1.1B

vol

72 deals

Broker

Fort Lauderdale 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

4.79%

Cash-on-Cash

-1.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93