C-III Capital Partners And Vanderbilt Office Properties Secure $53.5M Refinance For Plantation Industrial Campus
8201 Peters Road, 8151 Peters Road & 8050 Southwest 10th Street
$53,500,000
$61/SF
Building Size
868,746 SF
Asset Type
Industrial
Closing
Jan 29, 2026
AI
The transaction involves a refinancing agreement for an industrial asset consisting of three buildings located at 8201 Peters Road, 8151 Peters Road, and 8050 Southwest 10th Street in Plantation, Florida. The total square footage of the property is 289,582, with current leasing standing at 85%. The refinancing amount secured was $53,500,000, and the property is situated in Plantation's Midtown district, notable for a low vacancy rate of 9.3% in Broward County's office market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $53,500,000
- Address: 8201 Peters Road, 8151 Peters Road & 8050 Southwest 10th Street
- Market: Plantation
- Asset Size: 289,582 SF
- Landlord: Andrew Farkas - C-III Capital Partners; Casey Wold - Vanderbilt Office Properties
- Brokers: Amy Julian & Andrew Chilgren - CBRE
- Loan Type: Refinance
This refinancing was facilitated through a joint venture between C-III Capital Partners and Vanderbilt Office Properties, reflecting their strategic investment in the Plantation market. CBRE acted as the representative for the borrower, highlighting the brokerage's involvement in securing favorable financing for this property portfolio.
Players
Plantation Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.30%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93