Doug Levine Acquires Industrial Property On W McNab Rd In Fort Lauderdale For $15M
1100 West Mcnab Road, Fort Lauderdale, Florida 33309, United States
$15,000,000
$50/SF
Building Size
298,314 SF
Asset Type
Industrial
Closing
Mar 28, 2022
AI
An industrial property located at 1100 W McNab Rd in Fort Lauderdale has been sold. The property spans a total area of 298,314 square feet. The transaction took place on March 29, 2022, with a sale price of $15,000,000. The sale price per square foot is approximately $2,190,310.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $15,000,000
- Address: 1100 W McNab Rd, Fort Lauderdale
- Market: Fort Lauderdale
- Asset Type: Industrial
Doug Levine purchased the property from Charles Gavzer, who represents Clak-Ohio Associates Inc. The buyer was represented by Miguel Pinto and Adriano Salucci from APEX Capital Realty (@ApexCapitalRealty). The seller was assisted by Don Ginsburg and Michael Lewin from Katalyst Real Estate and Development.
Players
Fort Lauderdale Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93