Updated Dec 21, 2023
Sholem Potash & Moshe Lichter Acquire Warehouse In Fort Lauderdale For $5M
3571 North Andrews Avenue, Fort Lauderdale, Florida 33309, United States
$5,000,000
$1,287/SF
Building Size
3,885 SF
Asset Type
Industrial
Closing
Jun 13, 2022
About this deal
AI
A warehouse located at 3571 N Andrews Ave in Fort Lauderdale, FL was recently sold for $5,000,000. The property is approximately 3,885 square feet in size, resulting in a price per square foot of $1,287.
Summary of transaction details:
- Property Type: Warehouse
- Transaction Amount: $5,000,000
- Address: 3571 N Andrews Ave, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
- Buyer: Sholem Potash & Moshe Lichter
- Seller: Mark Immerman & Steven Kesten
- Square Footage: 3,885
- Price Per Square Foot: $1,287
Sholem Potash & Moshe Lichter were the buyers of the property, while Mark Immerman & Steven Kesten served as the sellers.
Players
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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93