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
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