Updated Oct 29, 2024
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
$10,600,000
$68/SF
Building Size
155,508 SF
Asset Type
Industrial
Closing
Apr 15, 2021
About this deal
AI
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.
On the Map
$10,600,000
$68/SF
Industrial
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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
1.50%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93