Updated Oct 28, 2024
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
About this deal
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.
On the Map
$13,468,000
$179/SF
Industrial
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Players
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