Thomas Campaniello Acquires Office Building In Tamarac For $4.7M With Marcus & Millichap's Alex D. Zylberglait & Michael Crocchiola
7401 North University Drive, Tamarac, FL, USA
$4,700,000
$210/SF
Building Size
22,302 SF
Asset Type
Office
Closing
Jul 1, 2021
About this deal
AI
An office property located at 7401 N University Dr in Tamarac has been sold for a total of $4,700,000. The property spans across 22,302 square feet, resulting in a price per square foot of $211. The transaction took place on 07/02/2021.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $4,700,000
- Square Footage: 22,302
- Price per Square Foot: $211
- Address: 7401 N University Dr, Tamarac
Thomas Campaniello has acquired the property from Robert Morvillo through the representation of Alex D. Zylberglait & Michael Crocchiola from Marcus & Millichap.
Players
Tamarac 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
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93