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3000 Southwest 2nd Avenue, ...

Elion Partners Acquires Industrial Property In Fort Lauderdale For $14.9M
SOLDIndustrial

Elion Partners Acquires Industrial Property In Fort Lauderdale For $14.9M

3000 Southwest 2nd Avenue, Fort Lauderdale, Florida 33315, United States

$14,850,000

$207/SF

Building Size

71,682 SF

Asset Type

Industrial

Closing

Apr 4, 2022

AI

The industrial property located at 3000-3060 SW 2nd Ave in Fort Lauderdale has been sold. The transaction took place on 04/05/2022, and the property was purchased by Elion Partners from Brian Neff. The property spans 71,682 square feet and was sold for a total price of $14,850,000, resulting in a price per square foot of $207. Mark M. Rubin, Bastian Laggerbauer, and Steven Wasserman from Colliers International represented Brian Neff in the transaction.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $14,850,000
  • Address: 3000-3060 SW 2nd Ave, Fort Lauderdale
  • Market: Fort Lauderdale

The sale of this industrial property was facilitated by Mark M. Rubin, Bastian Laggerbauer, and Steven Wasserman from Colliers International, who represented the seller, Brian Neff. This successful transaction highlights the demand for industrial properties in Fort Lauderdale's market.

Players

Mark M. Rubin

Colliers

Broker

$896.8M

vol

37 deals

Broker
Elion Partners
Elion PartnersBrokerage
Elion Partners
Elion PartnersBuyer

Brian Neff

Seller

$45.7M

vol

3 deals

Seller

Fort Lauderdale Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.07%

Cash-on-Cash

-0.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93