Updated Apr 3, 2025
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
Weston Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Raj Dhanda to view all their deals.
Browse Florida industrial sales on Traded.
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