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
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