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2571 E Sunrise BLVD, Fort L...

Esmail Shahid Acquires Warehouse On E Sunrise Blvd, Fort Lauderdale For $17.1M
SOLDWarehouse

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.

Players

Patricia Friend

CBRE

Broker

$190.2M

vol

15 deals

Broker

Esmail Shahid

Buyer

$34.2M

vol

2 deals

Buyer

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