Updated Aug 31, 2026
SOLDIndustrial
Hersh Equity Group Acquires Industrial Portfolio In Hollywood Florida For $47.25 Million
2100 Southwest 59th Avenue
$47,250,000
$205/SF
Building Size
230,000 SF
Asset Type
Industrial
Closing
Jul 13, 2025
About this deal
AI
The transaction involves an industrial asset located at 2100 Southwest 59th Avenue in Hollywood, FL. The sale was finalized for $47,250,000, with the property comprising 230,000 square feet. The price per square foot stands at $205.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $47,250,000
- Buyers: Juda Hersh, Corey Schwartz, Jake Stauber, and Steven Ginsberg - Hersh Equity Group
- Seller: Wilson Bridges - Interstate Dev Ltd Prtnr
- Broker: Jordan Beck - Berger Commercial Realty
- Attorney: Adam Weiss - Weiss Law
The acquisition marks a significant milestone for Hersh Equity Group, representing their largest deal to date. The group had previously identified this off-market opportunity in 2020, establishing a relationship with the original builder. This portfolio had not changed ownership since its construction in the 1980s. The deal enhances their portfolio to over 900,000 square feet and more than $150 million in assets under management, with an additional 220,000 square feet currently under contract.
On the Map
$47,250,000
$205/SF
Industrial
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Players
West Park 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
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93