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1883 Northwest 38th Avenue

Koby Assaraf & Dan Deitchmen Acquire Industrial Property In Lauderhill For $3.76M
SOLDIndustrial

Koby Assaraf & Dan Deitchmen Acquire Industrial Property In Lauderhill For $3.76M

1883 Northwest 38th Avenue

$3,760,000

$130/SF

Building Size

28,895 SF

Asset Type

Industrial

Closing

May 24, 2022

AI

An industrial property located at 1883 NW 38th Ave in Lauderhill, Fort Lauderdale, was recently sold for a price of $3,760,000. The property spans across 28,895 square feet, resulting in a price per square foot of $130. The sale took place on May 24, 2022.

Summary of Transaction Details

  • Property Type: Industrial
  • Transaction Amount: $3,760,000

The buyer in this transaction was Koby Assaraf and Dan Deitchmen, while the seller was Carol Schultz. Representing the buyer were Adam H. Klein and Elon Gerberg from ROI Partners at SVNCP. On the other hand, Jonathan Barak from Capital Business Solutions served as the seller's representative.

Players

Adam H. Klein

Vision Real Estate Advisors

Broker

$129.8M

vol

38 deals

Broker

Koby Assaraf

Buyer

$7.7M

vol

3 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

4.22%

Cash-on-Cash

-1.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93