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3377 Southwest 2nd Avenue

Steve Baum Sells Industrial Property At 3377 Southwest 2nd Avenue Fort Lauderdale For $11.25M
SOLDIndustrial

Steve Baum Sells Industrial Property At 3377 Southwest 2nd Avenue Fort Lauderdale For $11.25M

3377 Southwest 2nd Avenue

$11,250,000

$225/SF

Building Size

50,000 SF

Asset Type

Industrial

Closing

May 21, 2026

AI

This industrial asset, located at 3377 Southwest 2nd Avenue in Fort Lauderdale, has been sold for a transaction amount of $11,250,000. The property encompasses a total area of 50,000 square feet, translating to a price per square foot of $225.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $11,250,000
  • Address: 3377 Southwest 2nd Avenue
  • Market: Fort Lauderdale
  • Square Footage: 50,000
  • Price Per Square Foot: $225
  • Seller: Steve Baum
  • Brooks: Max Loria, David Richman & Justin Lee - STL Commercial

STL Commercial represented both parties in this off-market transaction. For buyers seeking off-market industrial opportunities throughout Florida, Max Loria can be contacted at [email protected] or 754-329-2612.

Players

Max Loria

STL Commercial

Broker

$143.5M

vol

29 deals

Broker
Steve Baumann

Steve Baumann

Seller

$24.3M

vol

2 deals

Seller

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

1.41%

Cash-on-Cash

-0.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93