Triple Double Real Estate & Privcap Companies Sells Office In Tamarac For $7.6M
SOLD
$7,600,000
Florida
See Similar DealsOffice36,068 SF
Sold
SOLD
Triple Double Real Estate & Privcap Companies Sells Office In Tamarac For $7.6M
7710 Northwest 71st Court
See Similar DealsOffice36,068 SF
Sold
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$210
Total Square Footage:36068 SF
Transaction Type:Sale
The property involved in this transaction is an office asset located at 7710 Northwest 71st Court in Tamarac. The sale was executed for a price of $7,600,000, covering a total area of 36,068 square feet, which translates to approximately $210 per square foot.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $7,600,000
- Address: 7710 Northwest 71st Court
- Market: Tamarac
- Seller: Triple Double Real Estate & Privcap Companies
- Brokers: Bastian Schauer & Mark M. Rubin - Colliers
The deal was facilitated by Bastian Schauer and Mark M. Rubin, who represented the seller, Triple Double Real Estate & Privcap Companies. Their expertise contributed to the successful closing of this transaction on August 22, 2024.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$405,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$27,001.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,027.88
Annual Debt Service$432,334.53
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