Updated Dec 4, 2024
Arnold Bramnick Acquires Industrial Property In Fort Lauderdale For $2.75M
811 Northwest 57th Place
$2,750,000
$188/SF
Building Size
14,607 SF
Asset Type
Industrial
Closing
Mar 1, 2024
About this deal
AI
The industrial property located at 811 Northwest 57th Place in Fort Lauderdale was successfully sold for $2,750,000. The asset spans 14,607 square feet, translating to a price per square foot of $188. The transaction involved Arnold Bramnick as the buyer and Chantal Wedderburn as the seller.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,750,000
- Address: 811 Northwest 57th Place
- Market: Fort Lauderdale
- Buyer: Arnold Bramnick
- Seller: Chantal Wedderburn
- Buyer's Rep: Jordan Beck & George Gammon - Berger Commercial Realty
- Seller's Rep: Howard Bregman - Marcus & Millichap
Key individuals involved in the deal included Jordan Beck and George Gammon representing the buyer, Arnold Bramnick. On the other side, Howard Bregman represented the seller, Chantal Wedderburn. The successful sale of the industrial property was facilitated by these experienced professionals.
On the Map
$2,750,000
$188/SF
Industrial
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Players
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
5.77%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93