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
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