Updated Dec 5, 2024
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
About this deal
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.
On the Map
$31,500,000
$175/SF
Industrial
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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