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:
- Property Type: Office
- Transaction Amount: $3,310,000
- Address: 6300 Northwest 5th Way
- Market: Fort Lauderdale
- Square Footage: 22,119
- Price per Square Foot: $149
- Buyer: Jenssen Varela
- Seller: Mark Bloom
- Brokers: Douglas Mandel, Zach Levine & Joshua Gilbert - Marcus & Millichap
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
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