Updated Dec 21, 2023
Avanti Way Realty Facilitates $2.9M Sale Of Industrial Property In Fort Lauderdale's Market
129 Northwest 25th Terrace, Fort Lauderdale, FL, USA
$2,900,000
$145/SF
Building Size
20,000 SF
Asset Type
Industrial
Closing
Jun 30, 2020
About this deal
AI
A 20,000 square foot industrial property located at 129 NW 25th Terrace in Fort Lauderdale has been sold. The property was sold by Federica Pacheco on June 30, 2021. The asking price for the property was $3,200,000, and it was sold at a price of $2,900,000. The sale price translates to a price per square foot of $145.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,900,000
- Address: 129 NW 25th Terrace, Fort Lauderdale
- Market: Fort Lauderdale
- Broker: Avanti Way Realty
Avanti Way Realty represented the seller, Federica Pacheco, in this transaction.
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
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93