Jean Claude Morra Acquires Industrial Property In Dania Beach For $5.4M
SOLD
$5,400,000
Florida
See Similar DealsIndustrial30,207 SF
Sold 11/12/2021
SOLD
Jean Claude Morra Acquires Industrial Property In Dania Beach For $5.4M
2501 Southwest 31st Street, Fort Lauderdale, Florida 33312, United States
See Similar DealsIndustrial30,207 SF
Sold 11/12/2021
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$178
Total Square Footage:30,207 SF
Transaction Type:Sale
The industrial property located at 2501 SW 31 St in Dania Beach has been sold for a transaction amount of $5,400,000. With a total area of 30,207 square feet, the property was purchased by Jean Claude Morra from the seller, Slade Gorton. The sale price per square foot was $179.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,400,000
- Square footage: 30,207
- Address: 2501 SW 31 St
- Market: Dania Beach
The deal was facilitated by Brigitte Lina and Olivier Hannoun, representing the buyer, Jean Claude Morra, and Rebecca De Rogatis, representing the seller, Slade Gorton. These brokers belong to One Sotheby's International Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$288,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,185.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,598.75
Annual Debt Service$307,185.06
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