MMG Equity Partners Acquires Office In Plantation For $3.5M
SOLD
$3,500,000
Florida
See Similar DealsOffice19,178 SF
Sold 01/10/2022
SOLD
MMG Equity Partners Acquires Office In Plantation For $3.5M
8190 West Sunrise Boulevard, Plantation, Florida 33322, United States
See Similar DealsOffice19,178 SF
Sold 01/10/2022
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$182
Total Square Footage:19,178 SF
Transaction Type:Sale
Located at 8190 W Sunrise Blvd in Plantation, this office property has been sold in a recent transaction. The property has a total square footage of 19,178 and a price per square foot of $183. The sale price for this transaction was $3,500,000. The seller in this deal was Sergio Fliter.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $3,500,000
- Square Footage: 19,178
- Price per Square Foot: $183
MMG Equity Partners, represented by Gabe Navarro and Marcos Puente, acted as the buyer in this transaction. They acquired the office property from Sergio Fliter.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$186,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43
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