Updated Nov 19, 2023
Karoly Cruz Acquires Commercial & Industrial Property In Fort Lauderdale, FL For $5.6M
4711 N State Road 7, Tamarac, Florida 33319, United States
$5,575,000
$123,888/SF
Building Size
45 SF
Asset Type
Industrial
Closing
Apr 1, 2023
About this deal
AI
The commercial and industrial property located at 4711 N State Road 7 in Fort Lauderdale, FL has been sold. The transaction took place on January 4, 2023, with a sale price of $5,575,000. The property has a total building area of 45,991 square feet, resulting in a price per square foot of $121.
Summary of transaction details
- Property Type: Commercial & Industrial
- Transaction Amount: $5,575,000
- Buyer: Karoly Cruz
- Seller: Jerome I Baer
- Address: 4711 N State Road 7, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
- Building Square Footage: 45,991
- Price per Square Foot: $121
Karoly Cruz has acquired the property from Jerome I Baer. The deal was facilitated by Karoly Cruz's agent representing their interests in the transaction.
Players
Lauderdale Lakes 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
2.85%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93