Updated Dec 21, 2023
Geoge Adams & Tesha Johnson Acquire Warehouse In Fort Lauderdale For $5M
1157 Northwest 31st Avenue, Fort Lauderdale, Florida 33311, United States
$5,000,000
$1,227/SF
Building Size
4,075 SF
Asset Type
Industrial
Closing
Jun 15, 2022
About this deal
AI
A warehouse located at 1157 NW 31st Ave in Fort Lauderdale, FL was recently sold for $5,000,000. The property spans 4,075 square feet, resulting in a price per square foot of $1,226.
Summary of transaction details
- Property Type: Warehouse
- Transaction Amount: $5,000,000
- Address: 1157 NW 31st Ave, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
- Buyer: George Adams & Tesha Johnson
- Seller: Andres F Caicedo & Juan C Caycedo
The buyer of the warehouse property is represented by George Adams & Tesha Johnson. They successfully acquired the property from the seller, Andres F Caicedo & Juan C Caycedo, in the transaction.
On the Map
$5,000,000
$1,227/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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93