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1313 Northwest 65th Place

Kyle Grant Of Venture One Acquires Industrial Property From Tom Zeschke For $5.6M In Fort Lauderdale
SOLDIndustrial

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

Larry Genet

CBRE

Broker

$436M

vol

57 deals

Broker
CBRE
CBREBrokerage

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