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325 SW 26th Street LLC Acquires Industrial Property In Fort Lauderdale For $3.3M

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SOLD
$3,300,000

Florida

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Industrial10 SF
Sold 01/10/2023
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SOLD

325 SW 26th Street LLC Acquires Industrial Property In Fort Lauderdale For $3.3M

325 Southwest 26th Street, Fort Lauderdale, Florida 33315, United States

See Similar Deals
Industrial10 SF
Sold 01/10/2023
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$330,000
Total Square Footage:10 SF
Transaction Type:Sale

The industrial property located at 325 SW 26th Street in Fort Lauderdale has been sold for a price of $3,300,000. The property spans an area of 0.77 acres and features a total square footage of 10,052. The sale price per square foot is calculated at $328. The lot size is 33,723 square feet, resulting in a price per lot square foot of $98.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $3,300,000
  • Address: 325 SW 26th Street
  • Market: Fort Lauderdale
  • ACRES: 0.77

The buyer of the property is 325 SW 26th Street LLC, represented by Joe Mongillo of LoKation Real Estate. The seller's representative in the deal is Kimberly Barbar from Stiles.

Players

Kimberly Barbar
2 deals$10.5M volume
BROKER

Details

SOLD
IMAGE: Joe Mongillo & Kimberly Barbar DATE: 01/10/2023 ADDRESS: 325 SW 26th Street MARKET: Fort Lauderdale ASSET TYPE: Industrial ~ ACRES: 0.77 BUYER: 325 SW 26th Street LLC BUYER'S REP: Joe Mongillo (@RealtorJoeMongillo) - LoKation Real Estate (@LokationRE) SELLER'S REP: Kimberly Barbar - Stiles (@StilesCRE) SALE PRICE: $3,300,000 SF: 10,052 ~ PPSF: $328 LOT SF: 33,723 ~ PPLSF: $98

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$175,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,724.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,643.68
Annual Debt Service$187,724.20