Jean Claude Morra Acquires Industrial Property In Dania Beach For $5.4M
2501 Southwest 31st Street, Fort Lauderdale, Florida 33312, United States
$5,400,000
$178/SF
Building Size
30,207 SF
Asset Type
Industrial
Closing
Nov 11, 2021
AI
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.
Players
Fort Lauderdale Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.94%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93