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8391 W Oakland Park Blvd Su...

David Khan Acquires Fort Lauderdale Office Building For $5.5M
SOLDOffice

David Khan Acquires Fort Lauderdale Office Building For $5.5M

8391 W Oakland Park Blvd Sunrise, FL 33351, USA

$5,500,000

$197/SF

Building Size

27,894 SF

Asset Type

Office

Closing

Jun 1, 2023

AI

The office property located at 8391-8399 West Oakland Park Boulevard in Fort Lauderdale has been sold. The transaction was completed on 06/01/2023. The property spans 27,894 square feet and was sold for a price of $5,500,000, equating to a price per square foot of $197.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $5,500,000
  • Square Footage: 27,894
  • Price per Square Foot: $197
  • Address: 8391-8399 West Oakland Park Boulevard, Fort Lauderdale

The buyer of the property is David Khan, while the seller is Marc Gordon. Greg Matus and Adam Tiktin from Franklin Street represented the seller in the deal.

Players

Adam Tiktin

Franklin Street

Broker

$261.4M

vol

20 deals

Broker

Marc Gordon

Seller

$36.6M

vol

3 deals

Seller

Miami 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

2.88%

Cash-on-Cash

-0.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93