Updated Dec 21, 2023
Michael Boss & Wendy Cole-Broccoli Acquire Industrial Property In Fort Lauderdale, FL For $2.1M
520 Northeast 34th Street, Miami, Florida 33137, United States
$2,100,000
$328/SF
Building Size
6,402 SF
Asset Type
Industrial
Closing
Feb 15, 2022
About this deal
AI
The industrial property located at 520 NE 34th St in Fort Lauderdale, FL has been sold. The property spans 6,402 square feet and was sold for a price of $2,100,000, resulting in a price per square foot of $328.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,100,000
- Address: 520 NE 34th St, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
Michael Boss & Wendy Cole-Broccoli were the buyers in this transaction, while James D. Danella acted as the seller.
Players
Miami 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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93