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
$3,236,000
$746/SF
Building Size
4,334 SF
Asset Type
Industrial
Closing
Sep 25, 2022
AI
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.
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
4.90%
Cash-on-Cash
-1.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93