Sal Hasbun Acquires Industrial Property At 700 Northwest 7th Terrace For $1.4M With Brokers Max Loria & David Richman
700 Northwest 7th Terrace
$1,400,000
$189/SF
Building Size
7,380 SF
Asset Type
Industrial
Closing
Jul 21, 2025
AI
The industrial asset located at 700 Northwest 7th Terrace in Fort Lauderdale was recently sold for $1,400,000. The property encompasses a sizable area of 7,380 square feet, resulting in a price per square foot of $189.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,400,000
- Buyer: Sal Hasbun
- Seller: Brandon Hertz & Rotem Hoffman
- Brokers: Max Loria & David Richman - STL Commercial
Max Loria and David Richman represented the brokerage side of the transaction, facilitating the deal between the buyer and the seller, ensuring a smooth process throughout the sale.
Players
Fort Lauderdale 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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93