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Franklin B. Morrison Acquires Industrial Property In Fort Lauderdale For $1.33M

Property Image
SOLD
$1,330,000

Florida

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Industrial2,000 SF
Sold 04/12/2021
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Property Image
SOLD

Franklin B. Morrison Acquires Industrial Property In Fort Lauderdale For $1.33M

216 Southwest 28th Street, Fort Lauderdale, FL, USA

See Similar Deals
Industrial2,000 SF
Sold 04/12/2021
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$665
Total Square Footage:2,000 SF
Transaction Type:Sale

The industrial property located at 216 SW 28th Street in Fort Lauderdale has been sold for $1,330,000. The property spans 2,000 square feet, resulting in a price per square foot of $665. The transaction was facilitated by Franklin B. Morrison of Weaver Morrison Commercial Real Estate.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $1,330,000
  • Address: 216 SW 28th Street, Fort Lauderdale
  • Market: Fort Lauderdale
  • Broker: Franklin B. Morrison - Weaver Morrison Commercial Real Estate
  • Square Footage: 2,000
  • Price per Square Foot: $665

This transaction showcases the successful sale of an industrial property in Fort Lauderdale. Franklin B. Morrison, representing Weaver Morrison Commercial Real Estate, played a pivotal role in the deal. The specific details of the sale price, square footage, and market location have already been mentioned in the previous paragraph.

Players

Franklin Morrison
4 deals$11.3M volume
BROKER

Details

SOLD
IMAGE: Franklin B. Morrison DATE: 04/12/2021 ADDRESS: 216 SW 28th Street MARKET: Fort Lauderdale ASSET TYPE: Industrial BROKER: Franklin B. Morrison - Weaver Morrison Commercial Real Estate PRICE: $1,330,000 SF: 2,000 ~ PPSF: $665

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$70,933.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,725.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,304.88
Annual Debt Service$75,658.54