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

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SOLD
$2,245,000

Florida

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Industrial10,046 SF
Sold 04/30/2024
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Property Image
SOLD

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

3333 Southwest 2nd Avenue

See Similar Deals
Industrial10,046 SF
Sold 04/30/2024
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$223
Total Square Footage:10,046 SF
Transaction Type:Sale

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
57 deals$436M volume(305) 807-0004
BROKER

Tom O'Loughlin
CBRE
56 deals$831.7M volume(954) 817-3919
BROKER

Zack Krawiec
CBRE
6 deals$22.7M volume
BROKER

Details

SOLD
IMAGE: Larry Genet, Tom O'Loughlin & Zack Krawiec DATE: 04/30/2024 ADDRESS: 3333 Southwest 2nd Avenue MARKET: Fort Lauderdale ASSET TYPE: Industrial BUYER: DoveHill Capital Management SELLER: W&O Supply BROKERS: Larry Genet (@LarryGenet), Tom O'Loughlin (@OLoughlin.Tom) & Zack Krawiec (@Zack.Krawiec) - CBRE (@CBRE) SALE PRICE: $2,245,000 SF: 10,046 ~ PPSF: $223

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$119,733.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,976.02
Cash-on-Cash Return-1.27%
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