Steven Klinsky Of New Mountain Capital Purchases Industrial Complex From Primo Water For $12.3M

The property asset involved in the transaction is an industrial complex located at 5301-5331 Northwest 35th Terrace in Fort Lauderdale, featuring 119,161 square feet of space and situated on 7.23 acres. The sale price for this property was recorded at $12,300,000, which translates to a price per square foot of $103. The complex consists of three buildings, including a light manufacturing facility of 73,168 square feet, with the property having been constructed in 1985 and zoned for community commercial use.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $12,300,000
• Square Footage: 119,161 SF
• Acres: 7.23
• Address: 5301-5331 Northwest 35th Terrace
• Market: Fort Lauderdale
• Buyer: Steven Klinsky - New Mountain Capital
• Seller: Primo Water
• Price Per Square Foot: $103

Steven Klinsky, representing New Mountain Capital, completed the acquisition of the industrial complex from Primo Water. The deal showcases the involvement of established entities in the industrial sector, emphasizing strategic investment patterns in the Fort Lauderdale market. The acquisition aligns with New Mountain Capital's broader investment strategy, focusing on assets with growth potential.