Drew DeWitt And David Archibald Acquire Industrial Asset In Lauderhill For $7 Million
1600 Northwest 34th Terrace
$7,000,000
$197/SF
Building Size
35,535 SF
Asset Type
Industrial
Closing
Jan 22, 2026
AI
The property involved in this transaction is an industrial asset located at 1600 Northwest 34th Terrace, Lauderhill. The sale price for the property was $7,000,000, with a total square footage of 35,535, translating to a price per square foot of $196.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,000,000
- Square Footage: 35,535
- Price per Square Foot: $196
- Buyer: Drew DeWitt & David Archibald - ECP
- Seller: Pierre Ansaldi
- Brokers: Jose Sasson Lerner, Eli Sasson Bril & Roberto Susi - AXIOM Capital Advisors
- Attorneys: Stuart Kapp, Esq. & Jake Seiler, Esq – Kapp Morrison Aker LLP
This transaction was facilitated by brokers Jose Sasson Lerner, Eli Sasson Bril, and Roberto Susi, representing the buyers and sellers in this successful deal. A note from the broker expresses appreciation for their repeat clients and congratulations to all parties involved.
Players
Lauderhill 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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93