SOLDRetail
Ranjika Nanayakkara Acquires Office Building In Fort Lauderdale For $4M
East Commercial Boulevard, Fort Lauderdale, Florida 33308, United States
$4,000,000
$1,471/SF
Building Size
2,719 SF
Asset Type
Retail
Closing
Feb 24, 2022
About this deal
AI
The office property located at 1299 E Commercial Blvd in Fort Lauderdale, FL has been sold for $4,000,000. The property spans a total area of 17,624 square feet, resulting in a price per square foot of $227.
Summary of Transaction Details
- Property Type: Office
- Transaction Amount: $4,000,000
- Address: 1299 E Commercial Blvd, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
- Buyer: Ranjika Nanayakkara
- Seller: Brenda Spira
- Square Footage: 17,624
- Price per Square Foot: $227
The buyer of the property is Ranjika Nanayakkara, and the seller is Brenda Spira.
Players
Fort Lauderdale Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93