Seagis Property Group Acquires Industrial Property In Fort Lauderdale For $29.5M

The industrial property located at 1700 Eller Drive in Fort Lauderdale has been sold for a price of $29,500,000. The property spans a total of 10 acres, providing ample space for industrial activities. With a total square footage of 48,411, the property offers a generous amount of space for various industrial operations. The price per square foot is calculated at $609, reflecting the value of the property in the market.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $29,500,000
• Address: 1700 Eller Drive, Fort Lauderdale
• Market: Fort Lauderdale
• Acreage: 10 acres
• Square Footage: 48,411
• Price per Square Foot: $609

The buyer in this transaction is Seagis Property Group, represented by Erin Plourde. Seagis Property Group is a reputable company in the real estate industry, known for their expertise in managing and investing in industrial properties. The seller, Eller Drive Properties, was represented by Daniela Ribadeneira. Both parties have successfully closed the transaction, ensuring a smooth transfer of ownership for the industrial property.