David Khan Acquires Fort Lauderdale Office Building For $5.5M
SOLD
$5,500,000
Florida
See Similar DealsOffice27,894 SF
Sold 06/01/2023
SOLD
David Khan Acquires Fort Lauderdale Office Building For $5.5M
8391 W Oakland Park Blvd Sunrise, FL 33351, USA
See Similar DealsOffice27,894 SF
Sold 06/01/2023
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$197
Total Square Footage:27,894 SF
Transaction Type:Sale
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
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$293,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,072.81
Annual Debt Service$312,873.67
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