Updated Oct 29, 2024
6001 Powerline, LLC Acquires Industrial Property In Fort Lauderdale For $17M
6001 Northwest 9th Avenue
$17,000,000
$109/SF
Building Size
155,508 SF
Asset Type
Industrial
Closing
May 27, 2020
About this deal
AI
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.
On the Map
$17,000,000
$109/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
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93