Asi Cabessa Acquires Industrial Property In Fort Lauderdale For $740,000
900 Northwest 10th Terrace
$740,000
$154/SF
Building Size
4,796 SF
Asset Type
Industrial
Closing
Jan 2, 2024
AI
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.
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
21.44%
Cash-on-Cash
-6.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93