Mikhail Davidovich Acquires Industrial Property In Fort Lauderdale For $6.25M
SOLD
$6,250,000
Florida
See Similar DealsIndustrial2,137 SF
Sold 06/28/2021
SOLD
Mikhail Davidovich Acquires Industrial Property In Fort Lauderdale For $6.25M
2490 SW 32nd St, Fo
See Similar DealsIndustrial2,137 SF
Sold 06/28/2021
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$2,924
Total Square Footage:2,137 SF
Transaction Type:Sale
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.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$333,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,204.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,628.19
Annual Debt Service$355,538.26
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