Esmail Shahid Acquires Warehouse On E Sunrise Blvd, Fort Lauderdale For $17.1M
2571 E Sunrise BLVD, Fort Lauderdale...
$17,100,000
$689/SF
Building Size
24,807 SF
Asset Type
Warehouse
Closing
Nov 16, 2021
AI
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.
Fort Lauderdale Warehouse Market Snapshot
Boundary boundary · Warehouse · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93