Denise R. Coyle Acquires Fort Lauderdale Office Building For $33M
707 Southwest 3rd Avenue, Fort Lauderdale, Florida 33315, United States
$33,000,000
$961/SF
Building Size
34,322 SF
Asset Type
Office
Closing
Feb 14, 2022
About this deal
AI
The office property located at 707 SE 3rd Ave in Fort Lauderdale, FL was sold on February 15, 2022. The property spans 34,322 square feet and was sold for a price of $33,000,000, resulting in a price per square foot of $961.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $33,000,000
- Address: 707 SE 3rd Ave, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
- Buyer: Denise R. Coyle
- Seller: Philip A. Disque & Raymond Ferrero Jr
Denise R. Coyle is the buyer of the property, while Philip A. Disque and Raymond Ferrero Jr are the sellers. The sale of this office property marks a significant transaction in the Fort Lauderdale market.
On the Map
$33,000,000
$961/SF
Office
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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
0.48%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93