facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Industrial

/

Sale

/

511 NE 32nd St, Fort Lauder...

Jordan Beck Of Berger Realty Represents Buyer In $8.55M Sale By Taylor Creek LLC In Fort Lauderdale
SOLDIndustrial

Jordan Beck Of Berger Realty Represents Buyer In $8.55M Sale By Taylor Creek LLC In Fort Lauderdale

511 NE 32nd St, Fort Lauderdale, FL...

$8,550,000

$133/SF

Building Size

63,832 SF

Asset Type

Industrial

Closing

Nov 20, 2023

AI

A 63,832-square-foot industrial building located at 511 NE 32nd St in Oakland Park was sold for $8,550,000. The property comprises two buildings constructed in 1962 and was fully leased with a diverse tenant mix at the time of the sale.

Summary of transaction details:

  • Property Type: Industrial Building
  • Transaction Amount: $8,550,000.00
  • Address: 511 NE 32nd St, Fort Lauderdale, FL
  • Market: Oakland Park
  • Seller: Taylor Creek LLC
  • Buyer's Representative: Jordan Beck (Berger Realty)
  • Seller's Representative: Paul Levine (Warehouse Realty)
  • Transaction involved: Off-market deal

Jordan Beck of Berger Realty represented an unknown buyer, a New York-based investor, in this transaction, which required significant cooperation among all parties involved, including legal counsel and the seller's broker. The seller, Taylor Creek LLC, was represented by Paul Levine with Warehouse Realty.

Players

Jordan Beck

Berger Commercial Realty

Broker

$278.5M

vol

29 deals

Broker

Oakland Park Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.86%

Cash-on-Cash

-0.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93