James T. Holloway Acquires Office Building In Fort Lauderdale, FL For $2.18M
8180 Griffin Road, Fort Lauderdale, Florida 33328, United States
$2,175,000
$1,015/SF
Building Size
2,141 SF
Asset Type
Office
Closing
Jun 22, 2022
About this deal
AI
An office building located at 8180 Griffin Rd in Fort Lauderdale, FL has been sold in a transaction that took place on June 23, 2022. The property spans a total area of 2,141 square feet and was sold for a price of $2,175,000, resulting in a price per square foot of $1,015.88.
Summary of transaction details
- Property Type: Office Building
- Transaction Amount: $2,175,000
- Address: 8180 Griffin Rd, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
- Seller: David Laurence
- Buyer: James T. Holloway
James T. Holloway was the buyer in this transaction, while David Laurence was the seller.
Players
Davie 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
7.29%
Cash-on-Cash
-2.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93