Lorraine Shim, Kim Praitano & John Arasi Purchase Industrial Property In Fort Lauderdale
4850 Prospect Road, Fort Lauderdale, FL, USA
$3,750,000
$254/SF
Building Size
14,727 SF
Asset Type
Office
Closing
Sep 22, 2021
About this deal
AI
The industrial property located at 4850 W Prospect Rd in Fort Lauderdale has been sold in a recent transaction. The property covers an area of 14,727 square feet and was sold at a price of $3,750,000, resulting in a price per square foot of $255.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,750,000
Lorraine Shim, Kim Praitano, and John Arasi acted as the buyers in this transaction, while Laurence Combrouze and Yves Yon represented the sellers.
The office sale at 4850 Prospect Road, Fort Lauderdale, FL, USA in Fort Lauderdale, Florida sold for $3.8M in 2021. The building is 14,727 square feet, implying about 254 per square foot on the published price. Named participants on the 4850 Prospect Road, Fort Lauderdale, FL, USA sale are Laurence Combrouze, Yves Yon, Lorraine Shim, Kim Praitano. This page is the Fort Lauderdale, Florida file for the 4850 Prospect Road, Fort Lauderdale, FL, USA office sold: pricing, party profiles, and other closed office comps from the same Fort Lauderdale sit in the Market section below. Filter that Fort Lauderdale office set by closing date to see what else sold near 4850 Prospect Road, Fort Lauderdale, FL, USA around 2021. Published consideration for 4850 Prospect Road, Fort Lauderdale, FL, USA is $3.8M, dated 2021. Cite this Lorraine Shim, Kim Praitano & John Arasi Purchase Industrial Property In Fort Lauderdale sale when underwriting similar office product around Fort Lauderdale, Florida.
Players
Fort Lauderdale Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.23%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93