Phillip Mumford Purchases Warehouse In Lauderdale Lakes From Keith Petron For $2,100,000
3685 W Oakland Park
$2,100,000
$132/SF
Building Size
15,868 SF
Asset Type
Warehouse
Closing
Sep 24, 2020
About this deal
AI
This transaction involves a warehouse located at 3685 W Oakland Park in Lauderdale Lakes. The property encompasses a total of 15,868 square feet and was sold for $2,100,000.00.
Summary of transaction details:
- Property Type: Warehouse
- Transaction Amount: $2,100,000.00
- Address: 3685 W Oakland Park
- Market: Lauderdale Lakes
- Square Footage: 15,868
- Buyer: Phillip Mumford
- Seller: Keith Petron
- Broker Representatives: Arthur Porosoff, Carlos Ruiz
The transaction was facilitated by broker representatives Arthur Porosoff and Carlos Ruiz, who represented the buyer, Phillip Mumford, and the seller, Keith Petron, in this deal.
Players
Lauderdale Lakes 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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93