Updated Oct 28, 2024
PRF Holdings LLC Sells Southern Cross Portfolio In Fort Lauderdale For $4M
Southern Cross Portfolio
$4,000,000
$192/SF
Building Size
20,820 SF
Asset Type
Industrial
Closing
Apr 18, 2022
About this deal
AI
The Southern Cross Portfolio, located in Fort Lauderdale, has been sold in a recent transaction. The property includes both industrial and office spaces, offering a versatile asset to its new owner. Spanning across 20,820 square feet, the property was sold for a total price of $4,000,000, resulting in a per square foot price of $192. The sale was finalized on April 19, 2022.
Summary of transaction details:
- Property Type: Industrial & Office
- Transaction Amount: $4,000,000
- Address: Southern Cross Portfolio
- Market: Fort Lauderdale
PRF Holdings LLC served as the seller in this transaction, while Levy Realty acted as the buyer's representative. The seller was represented by Robert Listokin from Colliers, ensuring a smooth and successful deal. With their expertise and guidance, the transaction was completed satisfactorily for both parties involved.
Players
Miami Industrial Market Snapshot
Boundary boundary · Industrial · 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