Updated Dec 4, 2024
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
$2,550,000
Building Size
—
Asset Type
Industrial
Closing
Nov 11, 2024
About this deal
AI
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.
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
6.22%
Cash-on-Cash
-1.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93