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:
- Property Type: Industrial | Warehouse
- Transaction Amount: $2,850,000
- Address: 1920-1934 Northwest 9th Street
- Market: Fort Lauderdale
- Size: 14,095 SF
- Price per Square Foot: $202
- Buyer: R Wayne Lopez
- Seller: Johnny Alexander
- Broker Representatives: Michael Buonadonna & Harrison Auerbach - Matthews Real Estate Investment Services; Tarlan Mamedov - One Commercial RE
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
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
5.57%
Cash-on-Cash
-1.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93