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3333 Southwest 2nd Avenue

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

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

$436M

vol

57 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

7.07%

Cash-on-Cash

-2.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93