Triple Double Real Estate & Privcap Companies Sells Office In Tamarac For $7.6M
7710 Northwest 71st Court
$7,600,000
$210/SF
Building Size
36,068 SF
Asset Type
Office
Closing
Aug 22, 2024
AI
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.
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
2.09%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93