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7771 West Oakland Park Boul...

Jim McGuire Of McGuire Development Acquires Fort Lauderdale Office Building For $12.1M
SOLDOffice

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

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.

Players

John Crotty

Avison Young

Broker

$1.5B

vol

52 deals

Broker
MC
McGuire Development CompanyBuyer

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