SOLDIndustrial
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
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.
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