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700 Northwest 7th Terrace

Sal Hasbun Acquires Industrial Property At 700 Northwest 7th Terrace For $1.4M With Brokers Max Loria & David Richman
SOLDIndustrial

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

Max Loria

STL Commercial

Broker

$153.3M

vol

31 deals

Broker
 STL Commercial
STL CommercialBrokerage

Rotem Hoffman

Seller

$13.9M

vol

4 deals

Seller

Fort Lauderdale Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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