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Industrial Outdoor Ventures Acquires Development Site In Davie For $64M

Property Image
SOLD
$64,000,000
Tom O'Loughlin
Larry Genet
Jake Zebede

Florida

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Development Site6,040 SF
Sold 10/04/2021
the dealplayerscompscontact
Property Image
SOLD

Industrial Outdoor Ventures Acquires Development Site In Davie For $64M

3055 Burris Road, Davie, FL, USA

See Similar Deals
Development Site6,040 SF
Sold 10/04/2021
Tom O'Loughlin
Larry Genet
Jake Zebede
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Development Site
Price Per Square Foot:$10,596
Total Square Footage:6,040 SF
Transaction Type:Sale

Industrial Outdoor Ventures, in partnership with Stockbridge Real Estate, has acquired a development site in Davie, located at 3055 Burris Road. The property spans approximately 38.5 acres and was sold for a price of $64,000,000. The transaction took place on October 4, 2021.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $64,000,000
  • Address: 3055 Burris Road, Davie
  • Market: Davie
  • Buyer: Industrial Outdoor Ventures - Eric Johnson; Stockbridge Real Estate
  • Brokers: Larry Genet, Tom O’Loughlin & Jake Zebede - CBRE

The buyers, Industrial Outdoor Ventures and Stockbridge Real Estate, were represented by Larry Genet, Tom O’Loughlin, and Jake Zebede from CBRE. This acquisition marks a significant investment in a prime development site, providing ample opportunities for future development or potential resale in the thriving market of Davie, Florida.

Players

Larry Genet
CBRE
Larry Genet
57 deals$436M volume(305) 807-0004
BROKER
Jake Zebede
Trustone Realty Advisors
Jake Zebede
16 deals$333.7M volume
BROKER
Tom O'Loughlin
CBRE
Tom O'Loughlin
56 deals$831.7M volume(954) 817-3919
BROKER
IV
Industrial Outdoor Ventures
BUYER
SE
Stockbridge Real Estate
BUYER

Details

SOLD
IMAGE: Jake Zebede, Eric Johnson, Larry Genet & Tom O’Loughlin DATE: 10/04/2021 ADDRESS: 3055 Burris Road MARKET: Davie ASSET TYPE: Development Site ~ ACRES: 38.5 BUYER: Industrial Outdoor Ventures - Eric Johnson; Stockbridge Real Estate BROKERS: Larry Genet, Tom O’Loughlin & Jake Zebede - CBRE SALE PRICE: $64,000,000

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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