Updated Aug 4, 2026
SOLDIndustrial
Andrew Shook Acquires Industrial Property In Fort Lauderdale For $1.5M
1129 Northeast 7th Avenue, Fort Lauderdale, Florida 33304, United States
$1,500,000
$300/SF
Building Size
5,000 SF
Asset Type
Industrial
Closing
Mar 30, 2022
About this deal
AI
The industrial property located at 1129 NE 7th Ave in Fort Lauderdale has been sold in a recent transaction. The property, with a total area of 5,000 square feet, was sold for a price of $1,500,000, resulting in a price per square foot of $300. The sale took place on 03/31/2022.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,500,000
- Address: 1129 NE 7th Ave, Fort Lauderdale
- Market: Fort Lauderdale
- Buyer: Andrew Shook
- Seller: Jim Bossman
- Seller's Representative: Will Reynoso - Moecker Brokers
Andrew Shook acquired the property from Jim Bossman. Will Reynoso from Moecker Brokers represented the seller in the transaction.
On the Map
$1,500,000
$300/SF
Industrial
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Players
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93