Updated Dec 21, 2023
Paul Knapp & Sonia Knapp Acquire Industrial Property In Fort Lauderdale For $2.65M
Northwest 7th Place, Fort Lauderdale, Florida 33311, United States
$2,650,000
$175/SF
Building Size
15,077 SF
Asset Type
Industrial
Closing
Feb 1, 2022
About this deal
AI
The industrial property located at 4062-4074 NE 7th Ave in Fort Lauderdale, FL has been sold. The property spans a total area of 15,077 square feet and was sold at a price of $2,650,000. This translates to a price per square foot of $176.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,650,000
- Buyer: Paul Knapp & Sonia Knapp
- Seller: Carl Green
- Address: 4062-4074 NE 7th Ave, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
- Square Footage: 15,077
- Price per Square Foot: $176
The buyer, Paul Knapp & Sonia Knapp, acquired the property from the seller, Carl Green.
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
5.99%
Cash-on-Cash
-1.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93