Updated Dec 20, 2023
Zia Bhutta Acquires Industrial Property In Fort Lauderdale For $6.6M
12580 West Sunrise Boulevard, Sunrise, Florida 33323, United States
$6,624,047
$1,214/SF
Building Size
5,454 SF
Asset Type
Industrial
Closing
Jun 5, 2022
About this deal
AI
An industrial property located at 12580 W Sunrise Blvd in Fort Lauderdale, FL has been sold. The property spans 5,454 square feet and was sold for a total price of $6,624,047. This translates to a price per square foot of $1,214.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $6,624,047
- Address: 12580 W Sunrise Blvd, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
- Buyer: Zia Bhutta
- Seller: Creighton M. Dan
- Square Footage: 5,454
- Price per Square Foot: $1,214
Zia Bhutta has acquired the industrial property located at 12580 W Sunrise Blvd from Creighton M. Dan. This deal represents a significant investment opportunity in the Fort Lauderdale market.
Players
Sunrise 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
2.39%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93