Esmail Shahid Acquires Warehouse On E Sunrise Blvd, Fort Lauderdale For $17.1M
SOLD
$17,100,000
Florida
See Similar DealsWarehouse24,807 SF
Sold 11/16/2021
SOLD
Esmail Shahid Acquires Warehouse On E Sunrise Blvd, Fort Lauderdale For $17.1M
2571 E Sunrise BLVD, Fort Lauderdale...
See Similar DealsWarehouse24,807 SF
Sold 11/16/2021
Summary
FLORIDA
Asset Type:Warehouse
Price Per Square Foot:$689
Total Square Footage:24,807 SF
Transaction Type:Sale
The property involved in this transaction is a warehouse located at 2571 E Sunrise Blvd, Fort Lauderdale. The sale took place for a total price of $17,100,000.00, encompassing a substantial area of 24,807 square feet. This sale reflects a notable activity in the Fort Lauderdale market.
Summary of transaction details:
- Property Type: Warehouse
- Transaction Amount: $17,100,000.00
- Address: 2571 E Sunrise BLVD, Fort Lauderdale
- Square Footage: 24,807
- Market: Fort Lauderdale
- Seller's Representative: Patricia Friend - CBRE
- Buyer: Esmail Shahid
This transaction involved seller's representative Patricia Friend from CBRE, who facilitated the deal for Esmail Shahid, the buyer. The involvement of a professional brokerage firm highlights the structured approach to the sale in the warehouse market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$912,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$60,752.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$81,062.72
Annual Debt Service$972,752.69
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