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2240 Southwest 34th Street

Cyril Heffesse Acquires Industrial Asset From Lynn Zophres In Fort Lauderdale For $2.45M
SOLDIndustrial

Cyril Heffesse Acquires Industrial Asset From Lynn Zophres In Fort Lauderdale For $2.45M

2240 Southwest 34th Street

$2,450,000

$217/SF

Building Size

11,289 SF

Asset Type

Industrial

Closing

Oct 31, 2025

AI

The asset involved in this transaction is an industrial property located at 2240 Southwest 34th Street in the Fort Lauderdale market. The property spans 11,289 square feet and was sold for a total price of $2,450,000, resulting in a price per square foot of $217.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $2,450,000
  • Square Footage: 11,289
  • Address: 2240 Southwest 34th Street
  • Market: Fort Lauderdale
  • Buyer: Cyril Heffesse
  • Seller: Lynn Zophres
  • Brokers: Larry Genet, Paul Siciliano, Michael Oretsky, & Tom O'Loughlin - CBRE

This transaction was completed within a notable timeframe of under 45 days, highlighting the efficiency of the involved parties. The brokers, part of CBRE, expressed enthusiasm about the deal and mentioned having numerous buildings available for sale and lease, inviting prospective clients to reach out for more options.

Players

Larry Genet

CBRE

Broker

$436M

vol

57 deals

Broker
CBRE
CBREBrokerage

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

6.47%

Cash-on-Cash

-1.85%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93