Harold Levy Of HL Law Group Acquires Office Building In Fort Lauderdale For $13.5M
2601 East Oakland Park Boulevard
$13,500,000
$208/SF
Building Size
64,727 SF
Asset Type
Retail
Closing
May 1, 2025
About this deal
AI
A 64,727 square foot office building located at 2601 East Oakland Park Boulevard in Fort Lauderdale was sold for $13.5 million. The property spans 1.23 acres and features a 6-story structure. The sale was finalized on May 1, 2025, with the price translating to $209 per square foot. The seller of the property was NAI Merin Hunter Codman, who previously purchased the building in 2019 for $11.75 million.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $13,500,000
- Buyer: Harold Levy - HL Law Group
- Seller: NAI Merin Hunter Codman
- Lender: BankUnited
- Square Footage: 64,727
- Price per Square Foot: $209
- Acres: 1.23
- Transaction Date: May 1, 2025
Harold Levy, representing HL Law Group, was the buyer in this transaction, acquiring the property from NAI Merin Hunter Codman. This acquisition shows HL Law Group's continued expansion in the Fort Lauderdale market.
On the Map
$13,500,000
$208/SF
Retail
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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
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93