Updated Dec 21, 2023
Judith Strachman Acquires Warehouse In Fort Lauderdale, FL For $4.25M
702 Northeast 1st Avenue, Fort Lauderdale, Florida 33304, United States
$4,250,000
$665/SF
Building Size
6,384 SF
Asset Type
Industrial
Closing
Sep 13, 2022
About this deal
AI
The warehouse located at 702-704 NE 1st Ave in Fort Lauderdale, FL was recently sold in a transaction on September 14, 2022. The property spans a total of 6,384 square feet and was sold for a price of $4,250,000, resulting in a price per square foot of $665.
Summary of transaction details
- Property Type: Warehouse
- Transaction Amount: $4,250,000
- Address: 702-704 NE 1st Ave, Fort Lauderdale, FL
- Square Footage: 6,384
- Price per Square Foot: $665
Judith Strachman acted as the buyer in this transaction, while James Saada represented the seller. Both parties were involved in the successful completion of the deal.
On the Map
$4,250,000
$665/SF
Industrial
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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
3.73%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93