Melanie Yeary Sells Industrial Property In Fort Lauderdale For $3.315M With Brokers Montero Rubi
SOLD
Florida
See Similar DealsIndustrial12,019 SF
Sold 06/01/2026
SOLD
Melanie Yeary Sells Industrial Property In Fort Lauderdale For $3.315M With Brokers Montero Rubi
1215 Northeast 17th Court
See Similar DealsIndustrial12,019 SF
Sold 06/01/2026
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$275
Total Square Footage:12,019 SF
Transaction Type:Sale
The property is located at 1215 Northeast 17th Court in Fort Lauderdale. This industrial asset was sold for $3,315,000, encompassing a total of 12,019 square feet, which translates to a price per square foot of $275. The property sits on an area of 1.22 acres.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,315,000
- Square Footage: 12,019 SF
- Price per Square Foot: $275
- Acres: 1.22
- Seller: Melanie Yeary
- Broker Representatives: Amanda J. Rubi & Jose Montero - The Hype Real Estate Group
- Date of Sale: 06/01/2026
- Market: Fort Lauderdale
The deal was represented by Amanda J. Rubi and Jose Montero, who are associated with The Hype Real Estate Group. They closed the transaction, indicating continued success in acquiring off-market deals despite market challenges.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$176,800.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,777.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,714.79
Annual Debt Service$188,577.49
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