Andrew Naumov - West Coast Shipping Acquires $10.6M Industrial Property In Fort Lauderdale From Urso Family Realty - Charles Urso
SOLD
$10,600,000
+ 2
Florida
See Similar DealsIndustrial155,508 SF
Sold 04/16/2021
SOLD
Andrew Naumov - West Coast Shipping Acquires $10.6M Industrial Property In Fort Lauderdale From Urso Family Realty - Charles Urso
6001 Powerline Road, Fort Lauderdale, FL, USA
See Similar DealsIndustrial155,508 SF
Sold 04/16/2021
+ 2
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$68
Total Square Footage:155,508 SF
Transaction Type:Sale
An industrial property located at 6001 North Powerline Road in Fort Lauderdale has been sold for $10,600,000. The property spans 311,890 square feet and is situated on 3.6 acres of land. The sale price equates to approximately $34 per square foot, while the price per acre stands at approximately $2,944,444.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: $10,600,000
- Address: 6001 North Powerline Road
- Market: Fort Lauderdale
The buyer in this transaction is Andrew Naumov, who represents West Coast Shipping. On the other hand, the seller is Urso Family Realty, with Charles Urso as their representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$565,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$37,659.58
Cash-on-Cash Return-1.27%
Monthly Debt Service$50,249.41
Annual Debt Service$602,992.89
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