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
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