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
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.
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