Updated Dec 31, 2025
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
About this deal
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.
On the Map
$1,425,000
$178/SF
Industrial
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Players
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