Updated Oct 28, 2024
Life Storage LP Acquires Industrial Property In Fort Lauderdale For $21.6M
3001 N Dixie Hwy, Fort Lauderdale, FL, USA
$21,590,000
$300/SF
Building Size
71,748 SF
Asset Type
Industrial
Closing
Jun 22, 2021
About this deal
AI
The industrial property located at 3001 N Dixie Hwy in Fort Lauderdale has been sold in a recent transaction. The property spans 71,748 square feet and was sold for a price of $21,590,000. The sale price translates to a price per square foot of $301.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $21,590,000
- Square Footage: 71,748
- Price per Square Foot: $301
- Market: Fort Lauderdale
Life Storage LP was the buyer in this transaction, while Christopher M. Capozzoli served as the seller. The deal showcases the involvement of these key individuals and companies in the sale of the industrial property in Fort Lauderdale.
On the Map
$21,590,000
$300/SF
Industrial
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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
0.73%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93