Elizabeth R Schlesinger Acquires Warehouse In Fort Lauderdale For $17.55M
SOLD
$17,550,000
Florida
See Similar DealsIndustrial72 SF
Sold 11/18/2022
SOLD
Elizabeth R Schlesinger Acquires Warehouse In Fort Lauderdale For $17.55M
5370 South University Drive, Fort Lauderdale, Florida 33328, United States
See Similar DealsIndustrial72 SF
Sold 11/18/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$243,750
Total Square Footage:72 SF
Transaction Type:Sale
The warehouse located at 5370 S University Dr in Fort Lauderdale, FL has been sold. The property spans 72,401 square feet and was sold for a price of $17,550,000, resulting in a price per square foot of $242.
Summary of transaction details
- Property Type: Warehouse
- Transaction Amount: $17,550,000
- Address: 5370 S University Dr, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
The buyer of the warehouse is Elizabeth R Schlesinger, while the seller is Kevin Kohorst.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$936,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$62,351.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$83,195.95
Annual Debt Service$998,351.44
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