Updated Jul 30, 2026
John D. Baker III Of FRP Development Corp Acquires 24 Acre Development Site In Southwest Ranches For $16.8M
6500 Sw 202nd Ave
$16,800,000
Building Size
—
Asset Type
Development Site
Closing
Jul 28, 2026
About this deal
AI
The property asset involved in this transaction is a 24-acre industrial development site located at 6500 Southwest 202nd Avenue in Southwest Ranches, Florida. The sale price for this development site was $16,800,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $16,800,000
- Buyer: John D. Baker III
- Company: FRP Development Corp
- Market: Southwest Ranches, FL
- Asset Size: 24 acres
John D. Baker III, representing FRP Development Corp, acquired the industrial development site from the town to develop the Logistics Center of Southwest Ranches, with project completion targeted for 2028. This acquisition expands FRP’s South Florida industrial pipeline following its earlier purchase of BBX Capital’s industrial development business.
On the Map
$16,800,000
Development Site
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Fort Lauderdale Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.94%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93