facebook
Traded Co logo
Submit

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

Property Image
SOLD
$29,500,000

Florida

See Similar Deals
Industrial48,411 SF
Sold 12/01/2021
the dealdetailscomps
Property Image
SOLD

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

1700 Eller Drive, Fort Lauderdale, FL, USA

See Similar Deals
Industrial48,411 SF
Sold 12/01/2021

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$609
Total Square Footage:48,411 SF
Transaction Type:Sale

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.

Players

BUYER

Details

SOLD
IMAGE: 12/01/2021 ADDRESS: 1700 Eller Drive MARKET: Fort Lauderdale ASSET TYPE: Industrial ~ ACRES: 10 BUYER: Seagis Property Group - Erin Plourde SELLER: Eller Drive Properties - Daniela Ribadeneira SALE PRICE: $29,500,000 SF: 48,411 ~ PPSF: $609

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,573,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$104,807.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$139,845.05
Annual Debt Service$1,678,140.60