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2500 SW 32nd Ave, Fort Laud...

TH Real Estate Leases Industrial Space In Seneca Industrial Park, Pembroke Park
LEASEDIndustrial

TH Real Estate Leases Industrial Space In Seneca Industrial Park, Pembroke Park

2500 SW 32nd Ave, Fort Lauderdale, F...

Building Size

25,476 SF

Asset Type

Industrial

Closing

Aug 24, 2018

AI

The industrial property at 2500 SW 32nd Ave, Fort Lauderdale, Florida, is part of Seneca Industrial Park, offering a total of 885,000 square feet of Class A distribution and warehouse space. The tenant, Colony Hardware, has leased 25,476 square feet in this convenient location, providing easy access to major transportation routes and close proximity to key metropolitan areas.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Landlord's Rep: Walter Byrd(Transwestern)
  • Tenant: Colony Hardware
  • Landlord: TH Real Estate
  • Square Feet: 25,476
  • Market: Fort Lauderdale

Other key players in this lease transaction include HD Supply, occupying the largest space at 46,498 square feet, represented by Colliers International Vice President Erin Byers. Additionally, Chefs' Warehouse and Smart Van Lines renewed their lease agreements, while Avison Young's Wayne Schuchts and Bobby Benton facilitated Colony Hardware's new lease at Seneca Industrial Park. The negotiations were handled by a team from Transwestern, led by Managing Director Thomas Kresse and Senior Managing Directors Ben Eisenberg and Walter Byrd.

Players

Walter Byrd

Transwestern

Broker

$53M

vol

18 deals

Broker
TE
TH Real EstateLandlord

Fort Lauderdale 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93