Updated Sep 9, 2024
Black Bear Capital Partners Refinances Industrial Property At 1129 NE 7th Avenue In Fort Lauderdale For $1.1M
1129 Northeast 7th Avenue
$1,100,000
$220/SF
Building Size
5,000 SF
Asset Type
Industrial
Closing
Jan 19, 2023
About this deal
AI
1129 NE 7th Avenue in Fort Lauderdale, FL, is an industrial property with a square footage of 5,000. It was recently involved in a loan transaction.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,100,000
- Market: Fort Lauderdale, FL
The loan transaction involved refinancing the property via a 5-year fixed rate loan. The loan was facilitated by Eric Trombly of Black Bear Capital Partners.
The industrial loan at 1129 Northeast 7th Avenue in Fort Lauderdale, Florida financed for $1.1M in 2023. The building is 5,000 square feet, implying about 220 per square foot on the published price. Eric Trombly, Black Bear Capital Partners appear on the loan alongside Black Bear Capital Partners. This page is the Fort Lauderdale, Florida file for the 1129 Northeast 7th Avenue industrial financed: pricing, party profiles, and other closed industrial comps from the same Fort Lauderdale sit in the Market section below. Filter that Fort Lauderdale industrial set by closing date to see what else financed near 1129 Northeast 7th Avenue around 2023. Published consideration for 1129 Northeast 7th Avenue is $1.1M, dated 2023. Cite this Black Bear Capital Partners Refinances Industrial Property At 1129 NE 7th Avenue In Fort Lauderdale For $1.1M loan when underwriting similar industrial product around Fort Lauderdale, Florida.
Fort Lauderdale Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93