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

Property Image
SOLD
$1,425,000
Santiago Acevedo
Rich DeGirolamo

Florida

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Industrial8,000 SF
Sold 12/18/2025
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Property Image
SOLD

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

1220 Northwest 23rd Avenue

See Similar Deals
Industrial8,000 SF
Sold 12/18/2025
Santiago Acevedo
Rich DeGirolamo
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$178
Total Square Footage:8,000 SF
Transaction Type:Sale

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
Santiago Acevedo
12 deals$63M volume(954) 652-9911
BROKER
Rich DeGirolamo
Compass
Rich DeGirolamo
8 deals$47.6M volume(215) 680-2266
BROKER
VO
Venture One
BUYER

Details

SOLD
IMAGE: Santiago Acevedo & Rich DeGirolamo DATE: 12/18/2025 ADDRESS: 1220 Northwest 23rd Avenue MARKET: Fort Lauderdale ASSET TYPE: Industrial BUYER: Kyle Grant - Venture One SELLER: Jennifer Sapp BROKERS: Santiago Acevedo (@SantiagoAceved.o) & Rich DeGirolamo - Compass (@Compass) SALE PRICE: $1,425,000 SF: 8,000 ~ PPSF: $178 PPA: $2,065,217 NOTE FROM BROKER: We focus on sourcing and facilitating exclusive Off-Market transactions for our clients. For additional opportunities, please contact Santiago Acevedo ([email protected]) & Rich DeGirolamo ([email protected]).

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$76,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,062.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,755.23
Annual Debt Service$81,062.72