Updated Dec 4, 2024
Daniel Alexander Ellis Leases Industrial Space At 15 Northwest 9th Avenue To Ceramics Pro
15 Northwest 9th Avenue
$40
$40/SF
Building Size
4,114 SF
Asset Type
Industrial
Closing
Oct 1, 2024
About this deal
AI
The property asset involved in this transaction is an industrial space located at 15 Northwest 9th Avenue in Fort Lauderdale. The asking rent is set at $40 per square foot for a total area of 4,114 square feet, under a modified gross lease agreement with a term of 5 years.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $164,560
- Landlord: Daniel Alexander Ellis
- Tenant: Ceramics Pro
- Brokers: Krysten Naranjo - BrokerNation Real Estate
- Brokers: Herson Richiez - Bridgestone Realty
This lease agreement was facilitated by Daniel Alexander Ellis representing the landlord and Ceramics Pro as the tenant. The brokers involved, Krysten Naranjo and Herson Richiez, played significant roles in managing the transaction process under their respective agencies, BrokerNation Real Estate and Bridgestone Realty.
On the Map
$40
$40/SF
Industrial
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Players
Fort Lauderdale Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
396575.00%
Cash-on-Cash
-113342.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93