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59 SW 12th Ave

Tommy Baldwin Of TB3 RE Holdings Acquires Industrial Property From Jeff Clifford For $2.6M
SOLDIndustrial

Tommy Baldwin Of TB3 RE Holdings Acquires Industrial Property From Jeff Clifford For $2.6M

59 SW 12th Ave

$2,600,000

$430/SF

Building Size

6,040 SF

Asset Type

Industrial

Closing

Sep 18, 2024

AI

The property asset involved in this transaction is an industrial facility located at 59 Southwest 12th Avenue in Dania Beach. The sale price for the asset was $2,600,000, and it encompasses a total square footage of 6,040, resulting in a price per square foot of $430.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $2,600,000
  • Address: 59 Southwest 12th Avenue
  • Market: Dania Beach
  • Square Footage: 6,040
  • Price per Square Foot: $430
  • Buyer: Tommy Baldwin - TB3 RE Holdings
  • Seller: Jeff Clifford - FF ONE
  • Buyer's Representative: Samantha Scalzo - S&S Global
  • Seller's Representative: Shevaun Gandy - United Realty Group

This transaction was facilitated by key individuals in the commercial real estate market. Tommy Baldwin, representing TB3 RE Holdings, acted as the buyer, while Jeff Clifford represented FF ONE as the seller. Samantha Scalzo from S&S Global represented the buyer and Shevaun Gandy from United Realty Group represented the seller in this transaction.

Players

Samantha Scalzo

S&S Global

Broker

$20.2M

vol

9 deals

Broker

Dania 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

6.10%

Cash-on-Cash

-1.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93