Realterm Logistics Acquires Industrial Property In Fort Lauderdale For $28.6M

An industrial property located at 1900 Northwest 21st Avenue in Fort Lauderdale has been sold in a recent transaction. The property, spanning 90,882 square feet, was purchased by Realterm Logistics for a total price of $28,600,000. This amounts to a price per square foot of $315. The property sits on a 10.4-acre lot, resulting in a price per acre of $2,750,000.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $28,600,000
• Square Footage: 90,882
• Address: 1900 Northwest 21st Avenue
• Market: Fort Lauderdale
• Buyer: Realterm Logistics - Robert Fordi
• Seller: Jonathan Cox - The Federated Companies

The buyer of the property is Realterm Logistics, represented by Robert Fordi. On the other hand, the seller is Jonathan Cox, who is affiliated with The Federated Companies. This transaction showcases the active real estate market in Fort Lauderdale and highlights the significant investment made in the industrial sector.