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2965 W Corporate Lakes Blvd...

Updated Apr 3, 2025

Black Creek Group Acquires Industrial Asset In Weston For $32.4M
SOLDIndustrial

Black Creek Group Acquires Industrial Asset In Weston For $32.4M

2965 W Corporate Lakes Blvd, Weston, FL, USA

$32,400,000

$143/SF

Building Size

225,335 SF

Asset Type

Industrial

Closing

Dec 11, 2019

About this deal

AI

In a recent transaction in Weston, a property located at 2965 W. Corporate Lakes Blvd was sold for a total price of $32,400,000. The property is an industrial asset with a total area of 225,335 square feet, resulting in a price per square foot of $143. The seller of the property was Teachers Insurance Annuity Association, while the buyer was Black Creek Group represented by Raj Dhanda.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $32,400,000
  • Property Address: 2965 W. Corporate Lakes Blvd, Weston
  • Market: Weston
  • Buyer: Black Creek Group - Raj Dhanda
  • Seller: Teachers Insurance Annuity Association
  • Size: 225,335 square feet
  • Price per Square Foot: $143

This transaction involved key individuals and companies such as Black Creek Group and Raj Dhanda, who represented the buyer. The seller, Teachers Insurance Annuity Association, successfully closed the deal for the industrial property located at 2965 W. Corporate Lakes Blvd in Weston.

Players

Raj Dhanda

Black Creek Group

Buyer

$207.5M

vol

3 deals

Buyer
TIAA
TIAASeller

Weston Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $143 per square foot on a published $32.4M for 225,335 square feet (2019).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.49%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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