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Sam Judd Acquires Warehouse In Fort Lauderdale For $2.8M

Property Image
SOLD
$2,800,000
MW
Sam Judd

Florida

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Industrial
Sold 08/01/2022
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Property Image
SOLD

Sam Judd Acquires Warehouse In Fort Lauderdale For $2.8M

700 Southeast 2nd Avenue, Fort Lauderdale, Florida 33316, United States

See Similar Deals
Industrial
Sold 08/01/2022
MW
Sam Judd
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Industrial
Transaction Type:Sale

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

Sam Judd
Asana Partners
Sam Judd
6 deals$31.1M volume
BUYER
MW
Michael Wiggins
2 deals$12.8M volume
SELLER

Details

SOLD
IMAGE: 08/01/2022 ADDRESS: 700 SE 2nd Ave & 707 SE 3rd Ave MARKET: Fort Lauderdale,FL ASSET TYPE: Warehouse BUYER: Sam Judd SELLER: Michael B Wiggins PRICE: $2,800,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$149,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,947.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,273.43
Annual Debt Service$159,281.14