Updated Dec 4, 2024
Nuveen Real Estate Acquires Industrial Property In Weston For $110M
2935 W Corporate Lakes Blvd, Weston, FL, USA
$110,000,000
$275/SF
Building Size
399,757 SF
Asset Type
Industrial
Closing
Oct 17, 2021
About this deal
AI
Two industrial properties located at 2935 & 2945 W. Corporate Lakes Blvd in Weston have been sold for a total of $110,000,000. The buyer of the properties is Nuveen Real Estate, while the seller is Prologis, represented by Hamid R. Moghadam. The properties have a combined square footage of 399,757, with a price per square foot of $275.
Summary of Transaction Details:
- Property Type: Industrial
- Transaction Amount: $110,000,000
- Address: 2935 & 2945 W. Corporate Lakes Blvd, Weston
- Market: Weston
- Buyer: Nuveen Real Estate
- Seller: Prologis - Hamid R. Moghadam
- Square Footage: 399,757
- Price per Square Foot: $275
Hamid R. Moghadam, representing Prologis, facilitated the sale of the industrial properties in Weston to Nuveen Real Estate. This transaction highlights the involvement of key individuals and companies in the real estate deal.
Players
Weston 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
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93