David Dvash Acquires Industrial Property In Fort Lauderdale For $2.55M
SOLD
Florida
See Similar DealsIndustrial15,134 SF
Sold 03/22/2023
SOLD
David Dvash Acquires Industrial Property In Fort Lauderdale For $2.55M
3350 Southwest 3rd Avenue
See Similar DealsIndustrial15,134 SF
Sold 03/22/2023
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$168
Total Square Footage:15,134 SF
Transaction Type:Sale
3350 Southwest 3rd Avenue, a 15,134 square foot industrial property located in Fort Lauderdale, was recently sold for $2,550,000. The property was purchased by David Dvash from seller Tom Ackel.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $2,550,000
- Square Footage: 15,134
- Price per Square Foot: $168
- Address: 3350 Southwest 3rd Avenue
- Market: Fort Lauderdale
Ricky Hen from Compass represented the buyer, David Dvash, in the transaction, while Lindsey Way from Douglas Elliman represented the seller, Tom Ackel.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$136,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,059.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,088.30
Annual Debt Service$145,059.61
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