Hollywood Diagnostics Center Acquires Industrial Condo In Sweetwater For $8M
SOLD
$8,000,000
Florida
See Similar DealsIndustrial32,351 SF
Sold 09/27/2021
SOLD
Hollywood Diagnostics Center Acquires Industrial Condo In Sweetwater For $8M
2185 Northwest 115th Avenue, Sweetwater, FL, USA
See Similar DealsIndustrial32,351 SF
Sold 09/27/2021
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$247
Total Square Footage:32,351 SF
Transaction Type:Sale
The industrial condo located at 2185 Northwest 115th Avenue, Unit 1, 2 & 3 in Sweetwater has been sold for a total price of $8,000,000. The property spans across 32,351 square feet, resulting in a price per square foot of $247. The transaction took place on September 27, 2021.
Summary of transaction details
- Property Type: Industrial Condo
- Transaction Amount: $8,000,000
- Market: Sweetwater
- Address: 2185 Northwest 115th Avenue, Unit 1, 2 & 3
- Square Footage: 32,351
- Price per Square Foot: $247
The buyer, Hollywood Diagnostics Center represented by Angel Soto, acquired the property from the seller, Double Ace Cargo represented by Rolgues Rodriguez. Both parties were involved in the closed transaction and played a key role in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$426,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,422.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,924.08
Annual Debt Service$455,088.98
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