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2281 Griffin Road, Fort Lau...

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

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

Elion Partners
Elion PartnersBrokerage

Shlomo Khoudari

Elion Partners

Buyer

$292.4M

vol

15 deals

Buyer
Elion Partners
Elion PartnersBuyer

Manuel Aguero

Seller

$79.5M

vol

3 deals

Seller

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