Logistics Company Leases Entire Industrial Building At Weston Commerce Park In Weston, FL
1951 N Commerce Pkwy Weston, FL 33326, USA
$26
$26/SF
Building Size
134,400 SF
Asset Type
Industrial
Closing
May 11, 2023
AI
Logistics company Specialized Freight Carriers has leased the entire 134,400-square-foot building at Weston Commerce Park in Weston, a suburb of Fort Lauderdale. The property is located at 1951 N Commerce Pkwy, Weston, FL 33326, USA. The lease was signed on May 11, 2023, and the market for this asset is industrial. The prime location of the property offers quick access to Interstate 75, executive housing, and a large labor pool. Despite a slight cooling in the market, the rental rates are still on the rise, making it a desirable industrial market in Broward County.
Summary of transaction details:
- Property Type: Industrial
- Address: 1951 N Commerce Pkwy, Weston, FL 33326, USA
- Lease Date: May 11, 2023
- Tenant: Specialized Freight Carriers
The tenant, Specialized Freight Carriers, has leased the entire building for their logistics operations. No information is provided about the landlord, the landlord's representative, tenant's representative, or the brokers involved in the deal.
Miami Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
610115.38%
Cash-on-Cash
-174372.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93