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3350 Southwest 3rd Avenue

David Dvash Acquires Industrial Property In Fort Lauderdale For $2.55M
SOLDIndustrial

David Dvash Acquires Industrial Property In Fort Lauderdale For $2.55M

3350 Southwest 3rd Avenue

$2,550,000

$168/SF

Building Size

15,134 SF

Asset Type

Industrial

Closing

Mar 22, 2023

AI

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.

Players

Ricky Hen

Compass

Broker

$3.5M

vol

2 deals

Broker

Market Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.22%

Cash-on-Cash

-1.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93