Sylvain Argy Acquires Manufacturing/Processing Property In Fort Lauderdale, FL For $14.85M
SOLD
$14,850,000
Florida
See Similar DealsOther44,176 SF
Sold 04/05/22
SOLD
Sylvain Argy Acquires Manufacturing/Processing Property In Fort Lauderdale, FL For $14.85M
3060 West 2nd Avenue, Hialeah, Florida 33012, United States
See Similar DealsOther44,176 SF
Sold 04/05/22
Summary
FLORIDA
Asset Type:Other
Price Per Square Foot:$336
Total Square Footage:44,176 SF
Transaction Type:Sale
A manufacturing/processing property located at 3060 W 2nd Ave in Fort Lauderdale, FL was recently sold for $14,850,000. The property spans 44,176 square feet, resulting in a price per square foot of $336.
Summary of transaction details
- Property Type: Manufacturing/Processing
- Transaction Amount: $14,850,000
- Square Feet: 44,176
- Price per Square Foot: $336
- Address: 3060 W 2nd Ave, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
The buyer of the property is Sylvain Argy, while the seller is Brian Neff.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$792,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$52,758.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$70,396.58
Annual Debt Service$844,758.91
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