David Kahn Acquires Fort Lauderdale Warehouse For $3.25M
2914 Northwest 28th Street, Fort Lauderdale, Florida 33311, United States
$3,250,000
$206/SF
Building Size
15,751 SF
Asset Type
Industrial
Closing
Jun 29, 2022
AI
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.
Players
Oakland Park 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
4.88%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93