Updated May 25, 2026
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
About this deal
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.
On the Map
$11,250,000
$225/SF
Industrial
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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
1.41%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93