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705 NW 8th Ave Fort Lauderd...

Tal Levinson & Eric Malinasky Acquire Industrial Property In Fort Lauderdale For $1.36M
SOLDIndustrial

Tal Levinson & Eric Malinasky Acquire Industrial Property In Fort Lauderdale For $1.36M

705 NW 8th Ave Fort Lauderdale, FL 33311, USA

$1,362,500

$143/SF

Building Size

9,500 SF

Asset Type

Industrial

Closing

Aug 9, 2023

AI

A 9,500 square foot industrial property located at 705 NW 8th Avenue in Fort Lauderdale has been sold for a total of $1,362,500. The property was sold by Paul B. Fontanella TR to buyers Tal Levinson and Eric Malinasky.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $1,362,500
  • Address: 705 NW 8th Avenue, Fort Lauderdale
  • Market: Fort Lauderdale
  • Buyer: Tal Levinson and Eric Malinasky
  • Seller: Paul B. Fontanella TR
  • Square Footage: 9,500
  • Price per Square Foot: $143

Tal Levinson and Eric Malinasky, as buyers, acquired the industrial property from Paul B. Fontanella TR. The property is located at 705 NW 8th Avenue in Fort Lauderdale and has a total area of 9,500 square feet. The transaction price for the property was $1,362,500, resulting in a price per square foot of $143.

Players

Eric Malinasky

Buyer

$18.4M

vol

8 deals

Buyer
T
TR.Seller

Miami 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

11.64%

Cash-on-Cash

-3.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93