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

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SOLD
$1,362,500

Florida

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Industrial9,500 SF
Sold 08/09/2023
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Property Image
SOLD

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

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

See Similar Deals
Industrial9,500 SF
Sold 08/09/2023
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$143
Total Square Footage:9,500 SF
Transaction Type:Sale

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

8 deals$18.4M volume
BUYER

8 deals$18.4M volume
BUYER

SELLER

Details

SOLD
IMAGE: Eric Malinasky & Tal Levinson DATE: 08/09/2023 ADDRESS: 705 NW 8th Avenue MARKET: Fort Lauderdale ASSET TYPE: Industrial BUYER: Tal Levinson (@T.lev) & Eric Malinasky (@Emalinasky24) SELLER: Paul B. Fontanella TR SALE PRICE: $1,362,500 SF: 9,500 ~ PPSF: $143

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

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,840.67
Cash-on-Cash Return-1.27%
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