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

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SOLD
$2,550,000

Florida

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Industrial15,134 SF
Sold 03/22/2023
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Property Image
SOLD

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

3350 Southwest 3rd Avenue

See Similar Deals
Industrial15,134 SF
Sold 03/22/2023
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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.

Players

Ricky Hen
2 deals$3.5M volume(561) 305-5654
BROKER

Lindsey Way
Douglas Elliman
1 deal$2.6M volume(954) 804-2864
BROKER

Details

SOLD
IMAGE: David Dvash, Ricky Hen, Lindsey Way & Tom Ackel DATE: 03/22/2023 ADDRESS: 3350 Southwest 3rd Avenue MARKET: Fort Lauderdale ASSET TYPE: Industrial BUYER: David Dvash SELLER: Tom Ackel BUYER'S REP: Ricky Hen - Compass (@Compass) (@CompassFl) SELLER'S REP: Lindsey Way (@Lindsey_way) - Douglas Elliman (@DouglasElliman) (@DouglasEllimanFlorida) SALE PRICE: $2,550,000 SF: 15,134 ~ PPSF: $168

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Deal Type
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