Asi Cabessa Acquires Industrial Property In Fort Lauderdale For $740,000
SOLD
$740,000
Florida
See Similar DealsIndustrial4,796 SF
Sold
SOLD
Asi Cabessa Acquires Industrial Property In Fort Lauderdale For $740,000
900 Northwest 10th Terrace
See Similar DealsIndustrial4,796 SF
Sold
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$154
Total Square Footage:4796 SF
Transaction Type:Sale
An industrial property located at 900 Northwest 10th Terrace in Fort Lauderdale has been sold for $740,000. The property spans a total area of 4,796 square feet and was purchased by Asi Cabessa. The seller in this transaction was the Gomez Family Trust represented by Janel Gomez. The sale price translates to a price per square foot of $154.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $740,000
- Address: 900 Northwest 10th Terrace, Fort Lauderdale
- Buyer: Asi Cabessa
- Seller: Gomez Family Trust - Janel Gomez
- Broker: David Richman - DWNTWN Realty Advisors
- Square Footage: 4,796
- Price Per Square Foot: $154
David Richman from DWNTWN Realty Advisors acted as the broker in this transaction, representing Asi Cabessa.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$39,466.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,629.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,507.98
Annual Debt Service$42,095.73
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