Ari Tsatsaronis, Theodore Karagiannis, Michael Zikos, Lawrence Cerullo & Dimitrios Sidiropoulos Acquire Fort Lauderdale Warehouse For $3M
SOLD
Florida
See Similar DealsIndustrial14,793 SF
Sold 07/28/2022
SOLD
Ari Tsatsaronis, Theodore Karagiannis, Michael Zikos, Lawrence Cerullo & Dimitrios Sidiropoulos Acquire Fort Lauderdale Warehouse For $3M
750 West Mcnab Road, Fort Lauderdale, Florida 33309, United States
See Similar DealsIndustrial14,793 SF
Sold 07/28/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$202
Total Square Footage:14,793 SF
Transaction Type:Sale
A warehouse located at 750 W McNab Rd in Fort Lauderdale, FL has been sold for $3,000,000. The property spans 14,793 square feet, resulting in a price per square foot of $202.
Summary of transaction details:
- Property Type: Warehouse
- Transaction Amount: $3,000,000
- Address: 750 W McNab Rd, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
- Buyer: Ari Tsatsaronis, Theodore Karagiannis, Michael Zikos, Lawrence Cerullo, & Dimitrios Sidiropoulos
- Seller: Kevin Bolender
- Square Footage: 14,793
- Price Per Square Foot: $202
The buyer of the warehouse at 750 W McNab Rd in Fort Lauderdale, FL is Ari Tsatsaronis, Theodore Karagiannis, Michael Zikos, Lawrence Cerullo, and Dimitrios Sidiropoulos. They have acquired the property from the seller, Kevin Bolender.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$160,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37
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