Updated Dec 21, 2023
Sherine & Sherif Assal Acquire Industrial Property In Fort Lauderdale For $4.9M
5555 North Nob Hill Road, Fort Lauderdale, FL, USA
$4,900,000
$207/SF
Building Size
23,619 SF
Asset Type
Industrial
Closing
Aug 12, 2021
About this deal
AI
Located at 5555 Nob Hill Rd in Fort Lauderdale, this industrial property was recently sold in a transaction. The property spans 23,619 square feet and was sold for a total price of $4,900,000, resulting in a price per square foot of $207.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $4,900,000
- Address: 5555 Nob Hill Rd, Fort Lauderdale
- Market: Fort Lauderdale
- Buyer: Sherine & Sherif Assal
- Seller: Michael Cozzens
- Square Footage: 23,619
- Price per Square Foot: $207
The buyer in this transaction was Sherine & Sherif Assal, while the seller was Michael Cozzens.
Players
Fort Lauderdale 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
3.24%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93