Updated Dec 21, 2023
Mikhail Davidovich Acquires Industrial Property In Fort Lauderdale For $6.25M
2490 SW 32nd St, Fo
$6,250,000
$2,924/SF
Building Size
2,137 SF
Asset Type
Industrial
Closing
Jun 28, 2021
About this deal
AI
The industrial property located at 2490 SW 32nd St in Fort Lauderdale has been sold in a recent transaction. The property spans across 2,137 square feet and was sold at a price of $6,250,000, resulting in a price per square foot of $2,925.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,250,000
- Square Footage: 2,137
- Price Per Square Foot: $2,925
- Address: 2490 SW 32nd St, Fort Lauderdale
- Buyer: Mikhail Davidovich
- Seller: Raimundo Lopez-Lima Levi
Mikhail Davidovich represented the buyer in this transaction, while Raimundo Lopez-Lima Levi represented the seller. The sale price of $6,250,000 reflects a market value for the industrial property in Fort Lauderdale.
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
2.54%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93