EverWest Acquires Industrial Property In Fort Lauderdale For $14.1M
635 Northwest 4th Avenue, Fort Lauderdale, Florida 33311, United States
$14,100,000
$225/SF
Building Size
62,568 SF
Asset Type
Industrial
Closing
May 1, 2022
AI
A industrial property located at 635 NW 4th Ave in Fort Lauderdale has been sold for $14,100,000. The property spans 62,568 square feet with a price per square foot of $225. The land on which the property is situated covers an area of 124,875 square feet.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $14,100,000
- Address: 635 NW 4th Ave, Fort Lauderdale
- Market: Fort Lauderdale
- Buyer: EverWest
- Seller: Dixie Investments
- Buyer's Rep: Jose Sasson & Roberto Susi - Axiom Capital Advisors
- Seller's Rep: Yishai Sinai - Biscayne Advisors
The purchase was facilitated by Jose Sasson and Roberto Susi from Axiom Capital Advisors, who represented the buyer, EverWest. Yishai Sinai from Biscayne Advisors acted as the seller's representative on behalf of Dixie Investments. It is worth noting that the brokers specialize in sourcing and facilitating off-market transactions. For further inquiries, please reach out to Jose Sasson at 786-393-8089.
Players
Fort Lauderdale Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93