Ariel Rodríguez Acquires Industrial Asset In Hallandale Beach From Raul Medina For $3.4M
2570 South Park Road
$3,400,000
$495/SF
Building Size
6,858 SF
Asset Type
Industrial
Closing
Oct 22, 2025
AI
The asset involved in this transaction is an industrial property located at 2570 South Park Road in Hallandale Beach. The property was sold for $3,400,000 and has a total square footage of 6,858, resulting in a price per square foot of $495.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,400,000
- Sale Date: 10/23/2025
- Buyer: Ariel Rodríguez
- Seller: Raul Medina
- Broker: George Smith - Smith Commercial Property Group
The transaction was facilitated by broker George Smith, who represents Smith Commercial Property Group. The broker has extended an invitation to contact him for warehouse selling opportunities off-market at competitive pricing.
Players
Hallandale Beach 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
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93