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1100 West Mcnab Road, Fort ...

Doug Levine Acquires Industrial Property On W McNab Rd In Fort Lauderdale For $15M
SOLDIndustrial

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

Miguel Pinto

APEX Capital Realty

Broker

$330.5M

vol

50 deals

Broker

Doug Levine

Buyer

$102.1M

vol

11 deals

Buyer

Fort Lauderdale 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

1.06%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93