Updated Oct 9, 2026
NorthBridge Partners Acquires Industrial Asset In Lauderdale Lakes For $81.05M With Seller's Rep Cushman & Wakefield
3435 Northwest 19th Street
$81,050,000
$228/SF
Building Size
354,336 SF
Asset Type
Industrial
Closing
Mar 13, 2026
About this deal
AI
The industrial asset located at 3435-3699 Northwest 19th Street & 1842-1896 Northwest 38th Avenue in the Lauderdale Lakes & Lauderhill market encompasses a total square footage of 354,336. The property was sold for a transaction price of $81,050,000, which equates to a price per square foot of $229.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $81,050,000
- Square Footage: 354,336
- Price per Square Foot: $229
- Buyer: NorthBridge Partners
- Seller: Harbert Management Corporation
- Seller's Representatives: Dominic Montazemi, Mike Davis, Greg Miller, Rick Brugge & Rick Colon - Cushman & Wakefield
- Date of Transaction: 03/13/2026
This transaction involved various key individuals from Cushman & Wakefield representing the seller, highlighting the collaborative efforts of the real estate professionals involved in this significant deal. The participation of multiple representatives underscores the complexity and importance of this industrial sale within the local market.
On the Map
$81,050,000
$228/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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93