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1406 West Mcnab Road, Fort ...

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

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

Michael Zikos

Buyer

$8.4M

vol

2 deals

Buyer

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