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Dimitrios Sidiropoulos, Steve Tenedios, Michael Zikos & Lawrence Cerullo Acquire Fort Lauderdale Warehouse For $5.4M

Property Image
SOLD
$5,400,000
+ 1

Florida

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Industrial29,960 SF
Sold 04/08/2022
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SOLD

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

See Similar Deals
Industrial29,960 SF
Sold 04/08/2022
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$180
Total Square Footage:29,960 SF
Transaction Type:Sale

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.

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Details

SOLD
IMAGE: 04/08/2022 ADDRESS: 1406 W McNab Rd MARKET: Fort Lauderdale, FL ASSET TYPE: Warehouse BUYER: Dimitrios Sidiropoulos, Steve Tenedios, Michael Zikos & Lawrence Cerullo SELLER: Samuel Pampanella Jr PRICE: $5,400,000 SF: 29,960 ~ PPSF: $180

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$288,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$19,185.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,598.75
Annual Debt Service$307,185.06