Arnold Bramnick Acquires Industrial Property In Fort Lauderdale For $2.75M
SOLD
$2,750,000
Florida
See Similar DealsIndustrial14,607 SF
Sold 03/01/2024
SOLD
Arnold Bramnick Acquires Industrial Property In Fort Lauderdale For $2.75M
811 Northwest 57th Place
See Similar DealsIndustrial14,607 SF
Sold 03/01/2024
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$188
Total Square Footage:14,607 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$146,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,770.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,036.40
Annual Debt Service$156,436.84
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