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837 Nw 8th Ave

Avra Jain Acquires Industrial Property From Fuse Group Co. In Fort Lauderdale For $6.075M
SOLDIndustrial

Avra Jain Acquires Industrial Property From Fuse Group Co. In Fort Lauderdale For $6.075M

837 Nw 8th Ave

$6,075,000

Building Size

Asset Type

Industrial

Closing

Nov 6, 2023

AI

The property involved in this transaction is an industrial asset located at 837 Nw 8th Ave, Fort Lauderdale. The sale was finalized at a price of $6,075,000.00.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $6,075,000.00
  • Address: 837 Nw 8th Ave
  • Market: Fort Lauderdale
  • Buyer: Avra Jain
  • Seller: Fuse Group Co.
  • Broker: Tony Arellano (DWNTWN Realty Advisors)

Avra Jain acquired the property from Fuse Group Co., with the transaction facilitated by broker Tony Arellano of DWNTWN Realty Advisors, representing the buyer in this deal.

Players

Tony Arellano
Verified Badge

Tony Arellano

DWNTWN Realty Advisors

Broker

$1.6B

vol

152 deals

Broker

Avra Jain

Buyer

$76.2M

vol

12 deals

Buyer
FC
Fuse Group Co.Seller

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

2.61%

Cash-on-Cash

-0.75%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93