Jeffrey S. Steiner Acquires Industrial Property In Fort Lauderdale For $2.2M
SOLD
$2,235,000
Florida
See Similar DealsIndustrial13,140 SF
Sold 02/17/2022
SOLD
Jeffrey S. Steiner Acquires Industrial Property In Fort Lauderdale For $2.2M
211 Southwest 16th Street, Fort Lauderdale, Florida 33315, United States
See Similar DealsIndustrial13,140 SF
Sold 02/17/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$170
Total Square Footage:13,140 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$119,200.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,940.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,595.04
Annual Debt Service$127,140.48
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