Frank Frione Acquires Office Building From Wendy Urso In Plantation For $1.67M
SOLD
$1,667,000
Florida
See Similar DealsOffice6,400 SF
Sold 06/12/2023
SOLD
Frank Frione Acquires Office Building From Wendy Urso In Plantation For $1.67M
6500 6530 W Sunrise Blvd
See Similar DealsOffice6,400 SF
Sold 06/12/2023
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$260
Total Square Footage:6,400 SF
Transaction Type:Sale
This office property is located at 6500 6530 W Sunrise Blvd in the Plantation market. The asset encompasses a total square footage of 6,400 and was sold for a transaction amount of $1,667,000.00.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,667,000.00
- Square Footage: 6,400
- Address: 6500 6530 W Sunrise Blvd
- Market: Plantation
The buyer of the property is Frank Frione, while the seller is Wendy Urso. The transaction was facilitated by broker Tyler Kuhlman, representing the seller in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$88,906.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,922.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,902.43
Annual Debt Service$94,829.17
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