Updated Jul 28, 2025
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
About this deal
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.
On the Map
$1,400,000
$189/SF
Industrial
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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