Updated Dec 21, 2023
Jeffrey S. Steiner Acquires Industrial Property In Fort Lauderdale For $2.2M
211 Southwest 16th Street, Fort Lauderdale, Florida 33315, United States
$2,235,000
$170/SF
Building Size
13,140 SF
Asset Type
Industrial
Closing
Feb 16, 2022
About this deal
AI
The industrial property located at 211 SW 16th St in Fort Lauderdale, FL has been sold for $2,235,000. The property spans 13,140 square feet, resulting in a price per square foot of $170.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,235,000
- Address: 211 SW 16th St, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
- Buyer: Jeffrey S. Steiner
- Seller: David Zwick
- Square Footage: 13,140
- Price per Square Foot: $170
Jeffrey S. Steiner has acquired the property from David Zwick.
On the Map
$2,235,000
$170/SF
Industrial
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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
7.10%
Cash-on-Cash
-2.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93