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216 Southwest 28th Street, ...

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

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

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

$1,330,000

$665/SF

Building Size

2,000 SF

Asset Type

Industrial

Closing

Apr 11, 2021

AI

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

Weaver Morrison Commercial Real

Broker

$11.3M

vol

4 deals

Broker

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

11.93%

Cash-on-Cash

-3.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93