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
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