6001 Powerline, LLC Acquires Industrial Property In Fort Lauderdale For $17M
SOLD
$17,000,000
+ 2
Florida
See Similar DealsIndustrial155,508 SF
Sold 05/27/2020
SOLD
6001 Powerline, LLC Acquires Industrial Property In Fort Lauderdale For $17M
6001 Northwest 9th Avenue
See Similar DealsIndustrial155,508 SF
Sold 05/27/2020
+ 2
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$109
Total Square Footage:155,508 SF
Transaction Type:Sale
The industrial property located at 6001 Powerline Road in Fort Lauderdale has been sold in a recent transaction. The property spans a total of 155,508 square feet and is categorized as an industrial asset. The sale took place on May 27, 2021.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $17,000,000
- Address: 6001 Powerline Road
- Market: Fort Lauderdale
The buyer of the property is 6001 Powerline, LLC, while the seller is Urso Family Realty, represented by Charles Urso. The sale was facilitated by Rick Etner, Chris Metzger, Christopher Thomson, and Matt McAllister, who are brokers from Cushman & Wakefield.
The sale price for this transaction amounted to $17,000,000, resulting in a price per square foot (PPSF) of $109.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$906,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$60,397.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$80,588.67
Annual Debt Service$967,064.08
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