Asana Partners Acquires Office Building In Fort Lauderdale For $10M
707 Northeast 3rd Avenue
$10,000,000
$403/SF
Building Size
24,771 SF
Asset Type
Office
Closing
Jul 20, 2022
About this deal
AI
The office property located at 707 NE 3rd Ave in Fort Lauderdale has been sold for $10,000,000. The property spans 24,771 square feet, resulting in a price per square foot of $404. The sale was facilitated by Jaime Sturgis of Native Realty.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $10,000,000
- Address: 707 NE 3rd Ave, Fort Lauderdale
- Market: Fort Lauderdale
The buyer in this transaction is Asana Partners. Represented by Terry Brown, Sam Judd, and Jason Tompkins. The seller of the property is Michael Wiggins. The sale was brokered by Jaime Sturgis from Native Realty.
On the Map
$10,000,000
$403/SF
Office
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Players
Minneapolis 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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93