Jenssen Varela Acquires Office In Fort Lauderdale For $3,310,000 From Mark Bloom
SOLD
$3,310,000
Florida
See Similar DealsOffice22,119 SF
Sold 12/11/2024
SOLD
Jenssen Varela Acquires Office In Fort Lauderdale For $3,310,000 From Mark Bloom
6300 Northwest 5th Way
See Similar DealsOffice22,119 SF
Sold 12/11/2024
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$149
Total Square Footage:22,119 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$176,533.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,759.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,691.09
Annual Debt Service$188,293.06
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