Cofe Properties Acquires Broward County Industrial Property For $42.3M

Located at 5401-5405 Northwest 102nd Avenue, 10791-10795, 10551-10661 Northwest 53rd Street & 10700-10798 Northwest 53rd Street in Broward County, this industrial property spans across 14.2 acres. The transaction took place on December 7, 2021, and was captured by Jose Sasson.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $42,300,000
• Square Footage: 225,331
• Price per Square Foot: $188
• Buyer: Cofe Properties - Eugenio Cosculluela & Mario Fernandez
• Seller: Leonard Edelman
• Broker: Jose Sasson - Axiom Capital Advisors
• Lender: Ocean Bank

Cofe Properties, represented by Eugenio Cosculluela and Mario Fernandez, acquired the property from Leonard Edelman. The deal was facilitated by broker Jose Sasson of Axiom Capital Advisors. The transaction was financially supported by Ocean Bank.