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
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