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1220 Northwest 23rd Avenue

Kyle Grant Of Venture One Purchases Industrial Property From Jennifer Sapp For $1.425M In Fort Lauderdale
SOLDIndustrial

Kyle Grant Of Venture One Purchases Industrial Property From Jennifer Sapp For $1.425M In Fort Lauderdale

1220 Northwest 23rd Avenue

$1,425,000

$178/SF

Building Size

8,000 SF

Asset Type

Industrial

Closing

Dec 17, 2025

AI

This industrial property located at 1220 Northwest 23rd Avenue in Fort Lauderdale features a total area of 8,000 square feet and was sold for $1,425,000, resulting in a price per square foot of $178. The property's price per acre is $2,065,217.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $1,425,000
  • Buyer: Kyle Grant - Venture One
  • Seller: Jennifer Sapp
  • Broker Representatives: Santiago Acevedo & Rich DeGirolamo - Compass
  • Date of Sale: 12/18/2025

Santiago Acevedo and Rich DeGirolamo focused on sourcing and facilitating this exclusive off-market transaction for their client, the buyer Kyle Grant from Venture One. Their expertise in the industrial market contributed to the successful completion of this sale.

Players

Santiago Acevedo

Compass

Broker

$63M

vol

12 deals

Broker
VO
Venture OneBuyer

Fort Lauderdale 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

11.13%

Cash-on-Cash

-3.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93