Sal Hasbun Acquires Industrial Property At 700 Northwest 7th Terrace For $1.4M With Brokers Max Loria & David Richman
SOLD
$1,400,000
Florida
See Similar DealsIndustrial7,380 SF
Sold 07/22/2025
SOLD
Sal Hasbun Acquires Industrial Property At 700 Northwest 7th Terrace For $1.4M With Brokers Max Loria & David Richman
700 Northwest 7th Terrace
See Similar DealsIndustrial7,380 SF
Sold 07/22/2025
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$189
Total Square Footage:7,380 SF
Transaction Type:Sale
The industrial asset located at 700 Northwest 7th Terrace in Fort Lauderdale was recently sold for $1,400,000. The property encompasses a sizable area of 7,380 square feet, resulting in a price per square foot of $189.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,400,000
- Buyer: Sal Hasbun
- Seller: Brandon Hertz & Rotem Hoffman
- Brokers: Max Loria & David Richman - STL Commercial
Max Loria and David Richman represented the brokerage side of the transaction, facilitating the deal between the buyer and the seller, ensuring a smooth process throughout the sale.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$74,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,973.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,636.71
Annual Debt Service$79,640.57
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