Jeffrey S. Pechter Acquires Fort Lauderdale Warehouse For $4.3M
SOLD
$4,300,000
Florida
See Similar DealsIndustrial10,200 SF
Sold 09/09/2022
SOLD
Jeffrey S. Pechter Acquires Fort Lauderdale Warehouse For $4.3M
4132 Northwest 10th Avenue, Fort Lauderdale, Florida 33309, United States
See Similar DealsIndustrial10,200 SF
Sold 09/09/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$421
Total Square Footage:10,200 SF
Transaction Type:Sale
The asset involved in this transaction is a warehouse located at 4132 NW 10th Ave in Fort Lauderdale, FL. This property was sold for a transaction amount of $4,300,000 and has a total square footage of 10,200. The price per square foot for this property amounts to $421.
Summary of transaction details:
- Property Type: Warehouse
- Transaction Amount: $4,300,000
- Address: 4132 NW 10th Ave
- Market: Fort Lauderdale, FL
- Square Footage: 10,200
- Price Per Square Foot: $421
- Buyer: Jeffrey S. Pechter
- Seller: Donald C. Bauerle Jr
The key individuals involved in this deal are Buyer Jeffrey S. Pechter and Seller Donald C. Bauerle Jr, who completed the transaction on September 9, 2022.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$229,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,277.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,384.19
Annual Debt Service$244,610.33
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