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
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
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
7.07%
Cash-on-Cash
-2.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93