Fort Lauderdale Medical Center: 9k SF multi-tenant building for sale

Fort Lauderdale, FL

$980,000

Listing ID

FL3012

Specialty

Jump-Start Dental Office

Asking Price

$980,000

Floor Space

9,054 sqft

Details SOLD

Fort Lauderdale Medical Center Building for Sale

Presenting a Fort Lauderdale medical center building for sale with three current tenants: a dental office, an MD office, and a pharmacy. An MD practice and a dental practice are also available in a separate transaction. The building comprises 9,054 SF of space with ample parking, located approximately one mile from I-95 and Sunrise Boulevard. For sale at $980,000.

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Evaluate cash-flow based lending potential

Acquisition Price

The total purchase price of the practice.

Down Payment

Cash contribution towards the purchase.

Loan Amount

The total capital amount required for the acquisition or project, including working capital.

Rate (%)

Estimated annual interest rate. Current commercial practice rates typically range from 7-9%.

Term (Yrs)

The amortization period of the loan. 10 years is standard for practice acquisitions.

Collections

The annual gross revenue collected by the practice before any expenses.

$800k

Overhead %

Total operating expenses expressed as a percentage of revenue. Typically 55-65% for general practices.

60%

Personal Annual Debt

Sum of your personal annual payments (Home mortgage, student loans, auto loans, credit cards).

Disclaimer: These numbers are estimates. US Dental is not a financial institution and we will be connecting customers to institutions which are qualified to discuss finances.

Est. Monthly Payment

$9,100/mo

DSCR Ratio --x

Debt Service Coverage Ratio (DSCR) measures the practice's ability to pay debt with cash flow. Lenders typically require >1.25x.

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