SOLDIndustrial
Sam Judd Acquires Warehouse In Fort Lauderdale For $2.8M
700 Southeast 2nd Avenue, Fort Lauderdale, Florida 33316, United States
$2,800,000
Building Size
—
Asset Type
Industrial
Closing
Jul 31, 2022
AI
A warehouse located at 700 SE 2nd Ave & 707 SE 3rd Ave in Fort Lauderdale, FL was recently sold for a price of $2,800,000. The transaction took place on August 1, 2022.
Summary of transaction details
- Property Type: Warehouse
- Transaction Amount: $2,800,000
- Market: Fort Lauderdale, FL
The buyer of the warehouse is Sam Judd, while the seller is Michael B Wiggins.
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
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93