Updated Dec 21, 2023
David Bowles Acquires Warehouse In Fort Lauderdale For $3.3M
4021 Northeast 5th Terrace, Fort Lauderdale, Florida 33334, United States
$3,315,000
$543/SF
Building Size
6,100 SF
Asset Type
Industrial
Closing
Aug 11, 2022
About this deal
AI
The warehouse property located at 4021 NE 5th Ter in Fort Lauderdale, FL has been sold. The transaction took place on August 12, 2022, with a sale price of $3,315,000. The property spans an area of 6,100 square feet, resulting in a price per square foot of $543.
Summary of transaction details
- Property Type: Warehouse
- Transaction Amount: $3,315,000
- Address: 4021 NE 5th Ter, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
The buyer of the property is David Bowles, and the seller is Dick Ulrich.
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
4.79%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93