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
Oakland Park 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
1.86%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93