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3333 Southwest 2nd Avenue

Updated Dec 4, 2024

DoveHill Capital Management Acquires Industrial Property In Fort Lauderdale For $2.25M
SOLDIndustrial

DoveHill Capital Management Acquires Industrial Property In Fort Lauderdale For $2.25M

3333 Southwest 2nd Avenue

$2,245,000

$223/SF

Building Size

10,046 SF

Asset Type

Industrial

Closing

Apr 30, 2024

About this deal

AI

The industrial property located at 3333 Southwest 2nd Avenue in Fort Lauderdale was recently sold in a transaction involving DoveHill Capital Management as the buyer and W&O Supply as the seller. The deal was facilitated by Larry Genet, Tom O'Loughlin, and Zack Krawiec from CBRE. The property spans 10,046 square feet and was sold for $2,245,000, translating to a price per square foot of $223.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $2,245,000
  • Buyer: DoveHill Capital Management
  • Seller: W&O Supply
  • Brokers: Larry Genet, Tom O'Loughlin & Zack Krawiec - CBRE
  • Address: 3333 Southwest 2nd Avenue
  • Market: Fort Lauderdale
  • Square Footage: 10,046
  • Price Per Square Foot: $223

The collaboration of Larry Genet, Tom O'Loughlin, and Zack Krawiec from CBRE was instrumental in successfully closing the deal between DoveHill Capital Management and W&O Supply for the industrial property. The transaction underscores the significance of well-coordinated efforts by the involved parties to achieve a mutually beneficial agreement.

Players

Larry Genet

CBRE

Broker

$454.4M

vol

62 deals

Broker

Fort Lauderdale Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $223 per square foot on a published $2.2M for 10,046 square feet (2024).

Visit Tom O'Loughlin to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.07%

Cash-on-Cash

-2.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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