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3905 Southwest 12th Court

Rick Zorovich Purchases Industrial Property In Fort Lauderdale For $2.2M With Mark Faeth's Representation
SOLDIndustrial

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

Mark Faeth

LRM Commercial Real Estate Advisors

Broker

$47.6M

vol

13 deals

Broker

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