Zia Bhutta Acquires Industrial Property In Fort Lauderdale For $6.6M
SOLD
$6,624,047
Florida
See Similar DealsIndustrial5,454 SF
Sold 06/06/2022
SOLD
Zia Bhutta Acquires Industrial Property In Fort Lauderdale For $6.6M
12580 West Sunrise Boulevard, Sunrise, Florida 33323, United States
See Similar DealsIndustrial5,454 SF
Sold 06/06/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$1,214
Total Square Footage:5,454 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$353,282.50
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,533.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,401.36
Annual Debt Service$376,816.35
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