Rick Zorovich Purchases Industrial Property In Fort Lauderdale For $2.2M With Mark Faeth's Representation
3905 Southwest 12th Court
$2,200,000
$193/SF
Building Size
11,381 SF
Asset Type
Industrial
Closing
May 26, 2025
AI
The asset involved in this transaction is an industrial property located at 3905 Southwest 12th Court in Fort Lauderdale. The sale concluded at a price of $2,200,000 for a total square footage of 11,381, resulting in a price per square foot of $193.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,200,000
- Address: 3905 Southwest 12th Court
- Market: Fort Lauderdale
- Square Footage: 11,381
- Price Per Square Foot: $193
- Buyer: Rick Zorovich
- Seller: Mark Feldman
- Broker: Mark Faeth - LRM CREA
In this transaction, Rick Zorovich acted as the buyer, while Mark Feldman served as the seller. The deal was brokered by Mark Faeth from LRM CREA, who represented the involved parties in this industrial property sale.
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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93