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JLK MGT LLC Acquires Industrial Property And Land In Fort Lauderdale For $2.55M From OLAM FTL 1 LLC
SOLD
$2,550,000
Florida
See Similar DealsIndustrial
Sold 11/11/2024
SOLD
JLK MGT LLC Acquires Industrial Property And Land In Fort Lauderdale For $2.55M From OLAM FTL 1 LLC
200 Southwest 33rd Street & 3309 Southwest 2nd Avenue
See Similar DealsIndustrial
Sold 11/11/2024
Summary
FLORIDA
Asset Type:Industrial
Transaction Type:Sale
JLK MGT LLC acquired a 10,087-square-foot industrial building at 200 Southwest 33rd Street and a .54-acre lot at 3309 Southwest 2nd Avenue in Fort Lauderdale for $2.55 million from OLAM FTL 1, LLC. The property transaction reflects ongoing demand for industrial space in South Florida.
Summary of transaction details:
- Property Type: Industrial & Land
- Transaction Amount: $2,550,000
- Buyer: JLK MGT LLC
- Seller: OLAM FTL 1, LLC
- Broker: Jake Michels - Berger Commercial Realty
- Date of Transaction: October 21, 2024
This transaction emphasizes the role of Jake Michels from Berger Commercial Realty in facilitating the deal between the buyer JLK MGT LLC and the seller OLAM FTL 1, LLC. The ongoing demand for such properties in Fort Lauderdale is reflected in the completed sale.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$136,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,059.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,088.30
Annual Debt Service$145,059.61
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