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Elion Partners Acquires Industrial Property In Fort Lauderdale For $31.5M

Property Image
SOLD
$31,500,000
Sylvain Argy
+ 3

Florida

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Industrial180,000 SF
Sold 12/23/2020
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Property Image
SOLD

Elion Partners Acquires Industrial Property In Fort Lauderdale For $31.5M

2281 Griffin Road, Fort Lauderdale, FL, USA

See Similar Deals
Industrial180,000 SF
Sold 12/23/2020
Sylvain Argy
+ 3
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$175
Total Square Footage:180,000 SF
Transaction Type:Sale

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

BROKERAGE

14 deals$275.4M volume
BUYER

Sylvain Argy
Elion Partners
8 deals$149.4M volume
BUYER

Juan R Deangulo
Elion Partners
5 deals$101.6M volume
BUYER

Jack Azout
Elion Partners
8 deals$135.3M volume
BUYER



Carlos Rodriguez
6 deals$228.4M volume
SELLER

Details

SOLD
IMAGE: Shlomo Khoudari, Manuel Aguero, & Michael Stellino DATE: 12/23/2020 ADDRESS: 2281 Griffin Road MARKET: Fort Lauderdale ASSET TYPE: Industrial BUYER: Elion Partners - Shlomo Khoudari, Jack Azout, Sylvain Argy, Juan R. DeAngulo, & Michael Stellino SELLER: Q-Med Corp - Manuel E. Aguero & J. Carlos Rodriguez PRICE: $31,500,000 SF: 180,000 ~ PPSF: $175 https://scontent-iad3-1.cdninstagram.com/v/t51.2885-15/133166254_146529220366518_7538126727307952656_n.jpg?_nc_cat=103&ccb=2&_nc_sid=8ae9d6&_nc_ohc=lrrmO8oCwCcAX-X8ZoJ&_nc_ht=scontent-iad3-1.cdninstagram.com&oh=e104a90b47a413fb8416ea6cb5ccf3a4&oe=600E979A

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

$1,680,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$111,912.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$149,326.07
Annual Debt Service$1,791,912.85