facebook
Traded Co logo
Submit

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

Property Image
SOLD
$13,468,000
Michael Fay
John Crotty
David Duckworth
+ 2

Florida

See Similar Deals
Industrial75,026 SF
Sold 11/02/2021
the dealplayerscompscontact
Property Image
SOLD

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

403 Sawgrass Corporate Parkway, Sunrise, FL, USA

See Similar Deals
Industrial75,026 SF
Sold 11/02/2021
Michael Fay
John Crotty
David Duckworth
+ 2
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$179
Total Square Footage:75,026 SF
Transaction Type:Sale

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
John Crotty
51 deals$1.5B volume(305) 345-9567
BROKER
Michael Fay
Avison Young
Michael Fay
49 deals$1.4B volume(305) 447-7842
BROKER
Berkley Bloodworth
Avison Young
Berkley Bloodworth
12 deals$146.2M volume
BROKER
David Duckworth
Avison Young
David Duckworth
44 deals$1.2B volume
BROKER
Brian de la Fé
Avison Young
Brian de la Fé
46 deals$1.3B volume(305) 476-7134
BROKER
SC
SAFCO Capital Corp
BUYER

Details

SOLD
IMAGE: Michael T. Fay, Brian de la Fé, David Duckworth, Berkley Bloodworth & John C. Crotty DATE: 11/02/2021 ADDRESS: 403 Sawgrass Corporate Parkway MARKET: Sunrise ASSET TYPE: Industrial ~ ACRES: 5 BUYER: SAFCO Capital Corp SELLER: 403 Sunrise Parkway LLC BROKERS: David Duckworth, Michael T. Fay, John C. Crotty, Brian de la Fé & Berkley Bloodworth - Avison Young SALE PRICE: $13,468,000 SF: 75,026 ~ PPSF: $180

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$718,293.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$47,848.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$63,845.19
Annual Debt Service$766,142.29