Morris Kaplan & Kevin Watson Acquire Warehouse In Fort Lauderdale, FL From Evangelos Anthony For $3.2M
SOLD
Florida
See Similar DealsIndustrial4,334 SF
Sold 09/26/2022
SOLD
Morris Kaplan & Kevin Watson Acquire Warehouse In Fort Lauderdale, FL From Evangelos Anthony For $3.2M
2449 Northeast 13th Avenue, Fort Lauderdale, Florida 33305, United States
See Similar DealsIndustrial4,334 SF
Sold 09/26/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$746
Total Square Footage:4,334 SF
Transaction Type:Sale
A warehouse located at 2449 NE 13th Ave in Fort Lauderdale, FL has been sold for a price of $3,236,000. The warehouse spans an area of 4,334 square feet, resulting in a price per square foot of $746.
Summary of transaction details
- Property Type: Warehouse
- Transaction Amount: $3,236,000
- Address: 2449 NE 13th Ave, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
- Buyer: Morris Kaplan & Kevin Watson
- Seller: Evangelos Anthony
- Square Footage: 4,334
- Price per Square Foot: $746
The buyers of the warehouse are Morris Kaplan and Kevin Watson, while the seller is Evangelos Anthony.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$172,586.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,496.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,340.29
Annual Debt Service$184,083.49
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