Updated Dec 21, 2023
Murray McCabe Acquires Warehouse In Fort Lauderdale For $50M
4651 Southwest 51st Street, Fort Lauderdale, Florida 33314, United States
$50,000,000
$1,634/SF
Building Size
30,600 SF
Asset Type
Industrial
Closing
Jun 30, 2022
About this deal
AI
The property involved in this transaction is a warehouse located at 4651 Sw 51st St in Fort Lauderdale, FL. It has a total square footage of 30,600. The transaction took place on 07/01/2022 and the asset was sold for a price of $50,000,000. The price per square feet was calculated to be $1,633.
Summary of transaction details
- Property Type: Warehouse
- Transaction Amount: $50,000,000
- Address: 4651 Sw 51st St, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
Murray Mccabe was the buyer in this transaction, while Charles Rowars acted as the seller. Murray Mccabe was represented by their broker in the deal.
On the Map
$50,000,000
$1,634/SF
Industrial
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Players
Davie 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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93