Luis Jaller Purchases Industrial Property At 937 Northwest 8th Avenue In Fort Lauderdale For $1.6M
937 NW 8th Ave Fort Lauderdale, FL 33311, USA
$1,675,000
$335/SF
Building Size
5,000 SF
Asset Type
Industrial
Closing
May 11, 2023
AI
The industrial property located at 937 Northwest 8th Avenue in Fort Lauderdale has been sold. The property spans approximately 5,000 square feet and was sold for a price of $1,675,000, resulting in a price per square foot of $335.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,675,000
- Square Footage: 5,000
- Price per Square Foot: $335
- Address: 937 Northwest 8th Avenue, Fort Lauderdale
- Market: Fort Lauderdale
Luis Jaller has purchased the property from Tommy Bizaoui. Elad Barokas, representing Axiom Capital Advisors, facilitated the transaction as the seller's representative. For future opportunities and off-market transactions, interested parties can contact Elad Barokas at 786-468-9489 or [email protected].
Miami 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
9.47%
Cash-on-Cash
-2.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93