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1920 Northwest 9th Street

R Wayne Lopez Acquires Industrial Warehouse In Fort Lauderdale From Johnny Alexander For $2.85M
SOLDIndustrial

R Wayne Lopez Acquires Industrial Warehouse In Fort Lauderdale From Johnny Alexander For $2.85M

1920 Northwest 9th Street

$2,850,000

$202/SF

Building Size

14,095 SF

Asset Type

Industrial

Closing

Dec 20, 2024

AI

This industrial warehouse, located at 1920-1934 Northwest 9th Street in Fort Lauderdale, was sold for $2,850,000. The property spans 14,095 square feet, resulting in a price per square foot of $202. It is set to undergo a complete rehabilitation, with spaces expected to become available in May of 2025. The seller, Johnny Alexander, is transferring ownership to the buyer, R Wayne Lopez, as part of this transaction.

Summary of transaction details:

The brokers involved in this transaction are Michael Buonadonna and Harrison Auerbach from Matthews Real Estate Investment Services, along with Tarlan Mamedov from One Commercial RE. The brokerage team is actively expanding their industrial spaces portfolio throughout 2025 and welcomes inquiries related to offerings.

Players

Harrison Auerbach

Matthews

Broker

$37M

vol

9 deals

Broker
ONE Commercial Real Estate
ONE Commercial Real EstateBrokerage

Fort Lauderdale Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.57%

Cash-on-Cash

-1.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93