Jim McGuire Of McGuire Development Acquires Fort Lauderdale Office Building For $12.1M
7771 West Oakland Park Boulevard, Fort Lauderdale, FL, USA
$12,100,000
$121/SF
Building Size
99,870 SF
Asset Type
Office
Closing
Jun 30, 2020
About this deal
AI
The office property located at 7771 West Oakland Park Blvd in Fort Lauderdale has been sold in a recent transaction. The property, known as Atrium West, was sold on June 30, 2021.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $12,100,000
- Square Footage: 99,870
- Price per Square Foot: $121
The buyer in this transaction is Jim McGuire, representing McGuire Development Company. The seller is Axel Stepan, representing Douglas Pike Associates. The deal was facilitated by the Avison Young Team, with Brian Askey, David Duckworth, John K. Crotty, Michael T. Fay, Brian de la Fe, and Berkley Bloodworth as the brokers. Additionally, J Berkley was involved in the deal.
On the Map
$12,100,000
$121/SF
Office
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Players
Sunrise 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
1.31%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93