SOLDOffice
Joseph E. Mouhanna Acquires Office Building In Fort Lauderdale, FL For $7.85M
6499 Powerline Road, Fort Lauderdale, Florida 33309, United States
$7,850,000
$188/SF
Building Size
41,598 SF
Asset Type
Office
Closing
Jun 6, 2022
About this deal
AI
An office building located at 6499 N Powerline Rd in Fort Lauderdale, FL has been sold for a price of $7,850,000. The property spans a total area of 41,598 square feet, resulting in a price per square foot of $188.
Summary of transaction details
- Property Type: Office Building
- Transaction Amount: $7,850,000
- Address: 6499 N Powerline Rd, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
- Square Footage: 41,598
- Price per Square Foot: $188
Joseph E. Mouhanna has purchased the office building from Edward M. Renzulli.
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
2.02%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93