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2100 Southwest 59th Terrace

Juda Hersh Of Hersh Equity Group Acquires Industrial Property In West Park For $47.25M
SOLDIndustrial

Juda Hersh Of Hersh Equity Group Acquires Industrial Property In West Park For $47.25M

2100 Southwest 59th Terrace

$47,250,000

$206/SF

Building Size

229,000 SF

Asset Type

Industrial

Closing

Jul 14, 2025

AI

The industrial asset located at 2100 Southwest 59th Terrace in the West Park market has been sold for a transaction amount of $47,250,000. The property encompasses a total of 229,000 square feet with a price per square foot of $206.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $47,250,000
  • Buyer: Juda Hersh - Hersh Equity Group
  • Seller: Wilson Bridges - Interstate Development Limited Partnership
  • Seller's Representative: Jordan Beck - Berger Commercial Realty
  • Date of Transaction: 07/15/2025

Jordan Beck has been involved in the transaction after four years of relationship building, representing the seller in the facilitation of this disposition. The sale marks a significant expansion for Hersh Equity Group in South Florida, as the buyer plans to stabilize rents and maintain long-term ownership of the property. The seller has held the property since it was just land in the 1970s, wherein they constructed the facilities and leased them over nearly fifty years.

Players

Jordan Beck

Berger Commercial Realty

Broker

$278.5M

vol

29 deals

Broker
Berger Commercial Realty
Berger Commercial RealtyBrokerage
Hersh Equity Group
Hersh Equity GroupBuyer

West Park Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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