facebook
Traded Co logo
Submit
Daily limit: 0/10

Cooltrace Acquires 10,712-SF Industrial Warehouse In Fort Lauderdale From Matrix Z For $2.9M

Property Image
SOLD
$2,900,000

Florida

See Similar Deals
Industrial10,712 SF
Sold 08/04/2025
the dealplayerscompscontact
Property Image
SOLD

Cooltrace Acquires 10,712-SF Industrial Warehouse In Fort Lauderdale From Matrix Z For $2.9M

800 Southwest 21st Terrace

See Similar Deals
Industrial10,712 SF
Sold 08/04/2025
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$270
Total Square Footage:10,712 SF
Transaction Type:Sale

The property involved in the transaction is an industrial warehouse located at 800 Southwest 21st Terrace in Fort Lauderdale, covering 10,712 square feet and situated on 0.61 acres. The sale price for this asset was $2,900,000, translating to a price per square foot of approximately $271. The property, built in 1969, is zoned for industrial use.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $2,900,000
  • Buyer: Cooltrace
  • Seller: Matrix Z
  • Broker: Jaime Sturgis - Native Realty
  • Lender: TD Bank
  • SBA Loans Total: $2,581,000
  • Acres: 0.61
  • Square Footage: 10,712
  • Price per Square Foot: $271

Jaime Sturgis of Native Realty acted as the representative for the buyer, Cooltrace, in this sale. The financing for the property was secured through two SBA loans provided by TD Bank. This transaction highlights the collaboration between the buyer and broker in purchasing the industrial asset.

Players

Jaime Sturgis
Native Realty
Jaime Sturgis
47 deals$234.1M volume
BROKER
TD Bank
TD Bank
LENDER

Details

SOLD
IMAGE: Jaime Sturgis DATE: 08/04/2025 ADDRESS: 800 Southwest 21st Terrace MARKET: Fort Lauderdale ASSET TYPE: Industrial ~ ACRES: 0.61 BUYER: Cooltrace SELLER: Matrix Z BROKER: Jaime Sturgis (@JaimeSturgis) - Native Realty (@NativeRealty) LENDER: TD Bank (@TDBank_US) SALE PRICE: $2,900,000 SF: 10,712 ~ PPSF: $271 NOTE: Cooltrace bought a 10,712-SF industrial warehouse at 800 SW 21st Terrace in Fort Lauderdale from Matrix Z for $2.9M ($270.72 PSF), using two SBA loans totaling $2.581M from TD Bank. Jaime Sturgis of Native Realty represented the buyer in the sale of the 1969-built property on 0.61 acres zoned I.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$154,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,303.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,747.48
Annual Debt Service$164,969.75