Elion Partners Acquires Industrial Property In Fort Lauderdale For $31.5M
2281 Griffin Road, Fort Lauderdale, FL, USA
$31,500,000
$175/SF
Building Size
180,000 SF
Asset Type
Industrial
Closing
Dec 22, 2020
AI
An industrial property located at 2281 Griffin Road in Fort Lauderdale was recently sold in a transaction worth $31,500,000. This property spans approximately 180,000 square feet, resulting in a price per square foot of $175. The sale took place on December 23, 2020.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $31,500,000
- Address: 2281 Griffin Road, Fort Lauderdale
- Market: Fort Lauderdale
The buyer in this transaction was Elion Partners, represented by Shlomo Khoudari, Jack Azout, Sylvain Argy, Juan R. DeAngulo, and Michael Stellino. The seller, Q-Med Corp, was represented by Manuel E. Aguero and J. Carlos Rodriguez.
For more information about the property, you can view the image here.
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
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93