Updated Dec 20, 2023
John C. Arsott Acquires 20,494 SF Industrial Property In Fort Lauderdale For $11.8M
2431 South State Road 7, Fort Lauderdale, FL, USA
$11,800,000
$575/SF
Building Size
20,494 SF
Asset Type
Industrial
Closing
Sep 1, 2021
About this deal
AI
The industrial property located at 2431 S State Road 7 in Fort Lauderdale has been sold in a recent transaction. The property spans 20,494 square feet and was sold for a total price of $11,800,000, resulting in a price per square foot of $576.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $11,800,000
- Square Footage: 20,494
- Price per Square Foot: $576
- Address: 2431 S State Road 7, Fort Lauderdale
- Market: Fort Lauderdale
John C. Arsott acted as the buyer in this transaction, while David Anthony Weiger & Deborah Demers represented the seller. They played key roles in the deal as the respective buyer and seller representatives.
Players
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
1.34%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93