Dimitrios Sidiropoulos, Steve Tenedios, Michael Zikos & Lawrence Cerullo Acquire Fort Lauderdale Warehouse For $5.4M
1406 West Mcnab Road, Fort Lauderdale, Florida 33309, United States
$5,400,000
$180/SF
Building Size
29,960 SF
Asset Type
Industrial
Closing
Apr 7, 2022
AI
A warehouse located at 1406 W McNab Rd in Fort Lauderdale, FL was recently sold in a transaction that took place on April 8, 2022. The property measures approximately 29,960 square feet and was sold for a total price of $5,400,000, resulting in a price per square foot of $180. The buyer in this transaction was Dimitrios Sidiropoulos, Steve Tenedios, Michael Zikos, and Lawrence Cerullo, while the seller was Samuel Pampanella Jr.
Summary of transaction details
- Property Type: Warehouse
- Transaction Amount: $5,400,000
- Square Footage: 29,960
- Price per Square Foot: $180
- Address: 1406 W McNab Rd, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
This deal was facilitated by Dimitrios Sidiropoulos, Steve Tenedios, Michael Zikos, and Lawrence Cerullo, who represented the buyer in the transaction. They ensured a successful sale of the warehouse located at 1406 W McNab Rd in Fort Lauderdale, FL, to the buyer Dimitrios Sidiropoulos, Steve Tenedios, Michael Zikos, and Lawrence Cerullo.
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
2.94%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93