Updated Oct 29, 2024
Sirrom Commercial Inc Acquires Industrial Property In Fort Lauderdale For $1.5M
1429 NW 6th St Fort Lauderdale, FL 33311, USA
$1,500,000
$323/SF
Building Size
4,633 SF
Asset Type
Industrial
Closing
Jun 6, 2023
About this deal
AI
The industrial property located at 1429 - 1435 NW 6 Street in Fort Lauderdale has been sold for a price of $1,500,000. The property spans a total area of 4,633 square feet, resulting in a price per square foot of $324. The buyer in this transaction was Sirrom Commercial Inc, represented by James Morris, while the seller was Miguel D. Pilgram.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $1,500,000
- Square Footage: 4,633
- Price per Square Foot: $324
- Address: 1429 - 1435 NW 6 Street, Fort Lauderdale
- Market: Fort Lauderdale
Claudia Barcenas from Premier Global Brokers, LLC represented the buyer, Sirrom Commercial Inc, in this transaction. She provided expert guidance and legal advice throughout the purchase process, acting as both the buyer's real estate broker and attorney. @claudia_barcenas_attorney
On the Map
$1,500,000
$323/SF
Industrial
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Players
Miami 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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93