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6900 Florida Highway 84

Altman Logistics Secures $31.9 Million Construction Loan From Synovus Bank For Industrial Development
FINANCEDIndustrial

Altman Logistics Secures $31.9 Million Construction Loan From Synovus Bank For Industrial Development

6900 Florida Highway 84

$31,900,000

$174/SF

Building Size

182,773 SF

Asset Type

Industrial

Closing

Mar 13, 2025

AI

The property asset is located at 6900 Florida Highway 84 in the Davie market. It is an industrial asset with a total square footage of 182,773. The loan amount associated with this property is $31,900,000 and falls under construction loan type.

Summary of transaction details:

The transaction involves key individuals from the lending and representation sides. The landlord, Andy Meran, and Mark Levy are affiliated with Altman Logistics while the loan is facilitated by Synovus. Representing the landlord in this transaction are Melissa Rose, Michael DiCosimo, and Val McWilliams from JLL.

Players

Michael DiCosimo

JLL

Broker

$1.6B

vol

37 deals

Broker
Synovus Bank
Synovus BankLender

Fort Lauderdale Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.50%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93