Evergreen 3 Acquires Multi-Tenant Medical Office In Tamarac For $4.4M
7443 N University Dr, Tamarac, FL, USA
$4,400,000
$153/SF
Building Size
28,600 SF
Asset Type
Office
Closing
Jun 2, 2020
AI
A multi-tenant medical office property located at 7443-7495 N University Dr in Tamarac has been sold for a price of $4,400,000. The property spans across 28,600 square feet, resulting in a price per square foot of $154. The sale took place on 06/02/2021 and involved the buyer Evergreeen 3 and the seller Lillian Loeffler Trust.
Summary of transaction details
- Property Type: Multi-Tenant Medical Office
- Transaction Amount: $4,400,000
- Address: 7443-7495 N University Dr, Tamarac
- Market: Tamarac
- Buyer: Evergreeen 3
- Seller: Lillian Loeffler Trust
The buyer was represented by Greg Matus & Jonathan de Maa from Franklin Street, while the seller was represented by Ryan Shaw & Quinn Sousa 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
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93