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403 Sawgrass Corporate Park...

SAFCO Capital Corp Acquires 5-Acre Industrial Property In Sunrise For $13.5M
SOLDIndustrial

SAFCO Capital Corp Acquires 5-Acre Industrial Property In Sunrise For $13.5M

403 Sawgrass Corporate Parkway, Sunrise, FL, USA

$13,468,000

$179/SF

Building Size

75,026 SF

Asset Type

Industrial

Closing

Nov 2, 2021

AI

The industrial property located at 403 Sawgrass Corporate Parkway in Sunrise has been sold. The property spans approximately 5 acres and is situated in a prime location.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $13,468,000
  • Address: 403 Sawgrass Corporate Parkway, Sunrise
  • Market: Sunrise
  • Asset Type: Industrial
  • Acres: 5

The buyer of the property is SAFCO Capital Corp, while the seller is 403 Sunrise Parkway LLC. The deal was facilitated by brokers David Duckworth, Michael T. Fay, John C. Crotty, Brian de la Fé, and Berkley Bloodworth from Avison Young.

The sale price for the property was $13,468,000, with a total square footage of 75,026. This translates to a price per square foot of $180.

Players

John Crotty

Avison Young

Broker

$1.5B

vol

51 deals

Broker
SC
SAFCO Capital CorpBuyer

Sunrise 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

1.18%

Cash-on-Cash

-0.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93