Updated Dec 21, 2023
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
About this deal
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.
On the Map
$1,330,000
$665/SF
Industrial
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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