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7171 North University Drive...

Updated Dec 19, 2023

Owen V. Prunskis & James V. Inendino Acquire Fort Lauderdale Office Building For $2.3M
SOLDOffice

Owen V. Prunskis & James V. Inendino Acquire Fort Lauderdale Office Building For $2.3M

7171 North University Drive, Fort Lauderdale, Florida 33322, United States

$2,300,000

Building Size

Asset Type

Office

Closing

Apr 5, 2022

About this deal

AI

An office building located at 7171 N University Dr in Fort Lauderdale, FL has been sold for a price of $2,300,000. The property is an asset type of Office Building.

Summary of transaction details

  • Property Type: Office Building
  • Transaction Amount: $2,300,000
  • Address: 7171 N University Dr, Fort Lauderdale, FL

The buyer of the property is Owen V. Prunskis & James V. Inendino, while the seller is Ira B. Fox & Jay E. Lasner.

The office sale at 7171 North University Drive, Fort Lauderdale, Florida 33322, United States in Tamarac, Florida sold for $2.3M in 2022. 7171 North University Drive, Fort Lauderdale, Florida 33322, United States is classified as Office on Traded. This page is the Tamarac, Florida file for the 7171 North University Drive, Fort Lauderdale, Florida 33322, United States office sold: pricing, party profiles, and other closed office comps from the same Tamarac sit in the Market section below. Filter that Tamarac office set by closing date to see what else sold near 7171 North University Drive, Fort Lauderdale, Florida 33322, United States around 2022. Published consideration for 7171 North University Drive, Fort Lauderdale, Florida 33322, United States is $2.3M, dated 2022. Cite this Owen V. Prunskis & James V. Inendino Acquire Fort Lauderdale Office Building For $2.3M sale when underwriting similar office product around Tamarac, Florida.

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Tamarac Office Market Snapshot

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.90%

Cash-on-Cash

-1.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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