Stefan Grosfeld's Triarch Capital Group Acquires Industrial Property In Fort Lauderdale For $8.01M
3200 South Andrews Avenue, Fort Lauderdale, Florida 33316, United States
$8,005,000
$190/SF
Building Size
42,000 SF
Asset Type
Industrial
Closing
Oct 2, 2022
AI
An industrial property located at 3200 S Andrews Ave & 988 NW 51st Place in Fort Lauderdale, FL has been sold for $8,005,000. The property spans 42,000 square feet with a price per square foot of $191. The transaction took place on 10/03/2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $8,005,000
- Square Footage: 42,000
- Price per Square Foot: $191
- Address: 3200 S Andrews Ave & 988 NW 51st Place, Fort Lauderdale, FL
- Buyer: Stefan Grosfeld - Triarch Capital Group
- Seller: Issie Wiseman
- Brokers: Jake Zebede & Valentina Stransky - KZ Commercial Real Estate
Stefan Grosfeld, representing Triarch Capital Group, acted as the buyer in this transaction. The seller, Issie Wiseman, successfully closed the deal with a sale price of $8,005,000. The brokers involved in this transaction were Jake Zebede and Valentina Stransky from KZ Commercial Real Estate.
Players
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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93