David Kahn Acquires Industrial Property In Sunrise For $5.4M
SOLD
$5,400,000
Florida
See Similar DealsIndustrial34,240 SF
Sold 10/12/2021
SOLD
David Kahn Acquires Industrial Property In Sunrise For $5.4M
4747 Nob Hill Road, Sunrise, FL, USA
See Similar DealsIndustrial34,240 SF
Sold 10/12/2021
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$157
Total Square Footage:34,240 SF
Transaction Type:Sale
An industrial property located at 4747 Nob Hill Road in Sunrise has been sold. The property spans 2.34 acres and features a total area of 34,240 square feet. The transaction took place on October 12, 2021, with a sale price of $5,400,000, equating to a price per square foot of $158.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $5,400,000
- Address: 4747 Nob Hill Road
- Market: Sunrise
- Acres: 2.34
David Kahn has acquired the property from the Genet Property Group, represented by Ben Genet.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$288,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,185.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,598.75
Annual Debt Service$307,185.06
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