SOLDOffice
Tage Singh Acquires Fort Lauderdale Office Building From Michael Brown For $3.175M
7420 Northwest 5th Street, Fort Lauderdale, Florida 33317, United States
$3,175,000
$213/SF
Building Size
14,904 SF
Asset Type
Office
Closing
Jul 13, 2022
About this deal
AI
An office building located at 7420 NW 5th St in Fort Lauderdale, FL was recently sold for $3,175,000. The building spans a total area of 14,904 square feet, resulting in a price per square foot of $213.
Summary of transaction details
- Property Type: Office Building
- Transaction Amount: $3,175,000
- Address: 7420 NW 5th St, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
- Seller: Michael Brown
- Buyer: Tage Singh
- Square Footage: 14,904
- Price per Square Foot: $213
Tage Singh represented the buyer, while Michael Brown represented the seller in this transaction.
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
5.00%
Cash-on-Cash
-1.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93