Updated Dec 4, 2024
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
Fort Lauderdale Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Tom O'Loughlin to view all their deals.
Browse Fort Lauderdale industrial sales on Traded.
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