Wesley Powell & Nancy Gardner Acquire Garage In Fort Lauderdale, FL For $20M
845 Northeast 5th Terrace, Fort Lauderdale, Florida 33334, United States
$20,000,000
Building Size
—
Asset Type
Industrial
Closing
Jul 27, 2022
AI
The garage located at 845 NE 5th Ter in Fort Lauderdale, FL has been sold in a transaction that closed on 07/28/2022. The property was purchased by Wesley Powell & Nancy Gardner from Sabra Katz & Raanan Katz for a total price of $20,000,000.
Summary of transaction details
- Property Type: Garage
- Transaction Amount: $20,000,000
- Address: 845 NE 5th Ter, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
Wesley Powell & Nancy Gardner acquired the garage from the sellers, Sabra Katz & Raanan Katz, in this transaction.
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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93