Community Foundation Of Broward Acquires Office Building In Fort Lauderdale For $5.7M
200 North Andrews Avenue
$5,700,000
$241/SF
Building Size
23,656 SF
Asset Type
Office
Closing
Sep 27, 2026
About this deal
AI
The office building located at 200 North Andrews Avenue in Fort Lauderdale, FL, has a total area of 23,656 square feet. The property was sold for $5,700,000 at a price per square foot of $241. The transaction involves a three-story structure in downtown Fort Lauderdale.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $5,700,000
- Address: 200 North Andrews Avenue, Fort Lauderdale, FL
- Square Footage: 23,656
- Price Per Square Foot: $241
- Buyer: Community Foundation of Broward
- Seller: Curtis T. Bell Trust
- Buyer's Representative: Steve Hyatt - Berger Commercial Realty
- Seller's Representatives: Harry Chaskalson & Gary Glusman - NEG Realty
The Community Foundation of Broward intends to carry out renovations on the property starting in 2027, which will include upgrades for hurricane resistance. The plan is for them to move into the building in early 2028.
On the Map
$5,700,000
$241/SF
Office
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Players
Charlotte Hall 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
2.78%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93