Updated Oct 12, 2026
Kenneth Israel Of KEI Properties Sells Industrial Asset In Lauderhill For $19.25M
1812 Northwest 38th Avenue
$19,250,000
$185/SF
Building Size
104,000 SF
Asset Type
Industrial
Closing
Nov 24, 2025
About this deal
AI
The industrial asset located at 1812 Northwest 38th Avenue in Lauderhill has been sold for $19,250,000. This property encompasses a total of 104,000 square feet, translating to a price per square foot of $185.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $19,250,000
- Sale Date: 11/25/2025
- Seller: Kenneth Israel - KEI Properties
- Broker: Jordan Beck - Berger Commercial Realty
Kenneth Israel represented KEI Properties in this transaction, while Jordan Beck facilitated the deal through Berger Commercial Realty. Their roles were pivotal in the successful completion of the sale.
On the Map
$19,250,000
$185/SF
Industrial
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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
0.82%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93