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325 Southwest 26th Street, ...

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

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

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

$3,300,000

$330,000/SF

Building Size

10 SF

Asset Type

Industrial

Closing

Jan 9, 2023

AI

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

Stiles

Broker

$10.5M

vol

2 deals

Broker

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

4.81%

Cash-on-Cash

-1.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93