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10450 Florida Highway 84

Gregg Wallick's Summerwind Properties Acquires Industrial Property In Davie For $9.8M
SOLDIndustrial

Gregg Wallick's Summerwind Properties Acquires Industrial Property In Davie For $9.8M

10450 Florida Highway 84

$9,837,500

$34/SF

Building Size

288,176 SF

Asset Type

Industrial

Closing

Aug 2, 2022

AI

10450 W State Rd 84 in Davie has been sold in a recent transaction. The industrial property spans across 288,176 square feet and was sold at a price of $9,837,500, resulting in a per square foot price of $34.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $9,837,500
  • Square Footage: 288,176
  • Address: 10450 W State Rd 84, Davie

The buyer of the property is Gregg Wallick from Summerwind Properties. Sheldon Mendes from Digital Comm Link Inc. served as the seller. Jaime Sturgis from Native Realty represented the buyer in the transaction.

Players

Jaime Sturgis

Native Realty

Broker

$234.1M

vol

47 deals

Broker

Gregg Wallick

Buyer

$27.3M

vol

2 deals

Buyer

Boomer Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.61%

Cash-on-Cash

-0.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93