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
Fort Lauderdale Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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