David Kahn Acquires Fort Lauderdale Warehouse For $3.25M
SOLD
$3,250,000
Florida
See Similar DealsIndustrial15,751 SF
Sold 06/30/2022
SOLD
David Kahn Acquires Fort Lauderdale Warehouse For $3.25M
2914 Northwest 28th Street, Fort Lauderdale, Florida 33311, United States
See Similar DealsIndustrial15,751 SF
Sold 06/30/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$206
Total Square Footage:15,751 SF
Transaction Type:Sale
A warehouse located at 2914-2924 NW 28th St in Fort Lauderdale, FL has been sold on June 30, 2022. The property, spanning 15,751 square feet, was purchased by David Kahn for a total price of $3,250,000. The transaction value equates to a price per square foot of $206. The seller in this deal was Damian Elissalt.
Summary of transaction details
- Property Type: Warehouse
- Transaction Amount: $3,250,000
- Square Footage: 15,751
- Price Per Square Foot: $206
- Address: 2914-2924 NW 28th St, Fort Lauderdale, FL
- Buyer: David Kahn
- Seller: Damian Elissalt
David Kahn emerged as the buyer in this transaction, represented by his broker Damian Elissalt. The deal represents the successful purchase of a warehouse in Fort Lauderdale, FL.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$173,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,546.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,406.66
Annual Debt Service$184,879.90
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