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
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