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

Property Image
SOLD
$2,450,000
Tom O'Loughlin
Larry Genet
+ 1

Florida

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Industrial11,289 SF
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Cyril Heffesse Acquires Industrial Asset From Lynn Zophres In Fort Lauderdale For $2.45M

2240 Southwest 34th Street

See Similar Deals
Industrial11,289 SF
Sold
Tom O'Loughlin
Larry Genet
+ 1
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$217
Total Square Footage:11289 SF
Transaction Type:Sale

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
54 deals$378.9M volume(305) 807-0004
BROKER

Tom O'Loughlin
CBRE
53 deals$774.6M volume(954) 817-3919
BROKER

Michael Oretsky
CBRE
20 deals$57.3M volume(954) 331-1749
BROKER

Paul Siciliano
CBRE
4 deals$34.7M volume
BROKER

CBRE
BROKERAGE

Details

SOLD
IMAGE: Michael Oretsky, Tom O'Loughlin, Larry Genet & Paul Siciliano DATE: 11/01/2025 ADDRESS: 2240 Southwest 34th Street MARKET: Fort Lauderdale ASSET TYPE: Industrial BUYER: Cyril Heffesse SELLER: Lynn Zophres BROKERS: Larry Genet (@LarryGenet), Paul Siciliano (@Paul_Siciliano), Michael Oretsky (@M_Oretsky22) & Tom O'Loughlin (@OLoughlin.Tom) - CBRE (@CBRE) SALE PRICE: $2,450,000 SF: 11,289 ~ PPSF: $217 NOTE FROM BROKER: This was a cool one to close. From the first phone call to closing in under 45 days. We have a bunch of buildings for sale on and off market and plenty of options for lease. Give us a call! 'Loughlin

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$130,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,704.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,614.25
Annual Debt Service$139,371.00