Kyle Grant Of Venture One Acquires Industrial Property From Tom Zeschke For $5.6M In Fort Lauderdale
1313 Northwest 65th Place
$5,600,000
$233/SF
Building Size
24,000 SF
Asset Type
Industrial
Closing
Jul 22, 2025
AI
The asset involved in this transaction is an industrial property located at 1313 Northwest 65th Place in Fort Lauderdale. The sale price was $5,600,000, encompassing a total area of 24,000 square feet, which translates to a price per square foot of $233.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,600,000
- Address: 1313 Northwest 65th Place
- Market: Fort Lauderdale
- Square Footage: 24,000
- Price Per Square Foot: $233
- Buyer: Kyle Grant - Venture One
- Seller: Tom Zeschke - BNT Services Inc
- Broker Representatives: Michael Oretsky, Tom O'Loughlin & Larry Genet - CBRE
This transaction highlights the collaborative effort of the brokerage team from CBRE, specifically Michael Oretsky, Tom O'Loughlin, and Larry Genet, who facilitated the deal. The process was initiated by a 2,000 square foot lease that was successfully managed by Michael Oretsky, paving the way for multiple subsequent deals, ultimately leading to the sale of this industrial property. The brokerage team emphasizes their extensive portfolio of industrial buildings for sale and lease across Dade and Broward.
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
2.83%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93