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806 Northwest 10th Terrace

GDF Properties Acquires Industrial Property In Fort Lauderdale For $5.7M
SOLDIndustrial

GDF Properties Acquires Industrial Property In Fort Lauderdale For $5.7M

806 Northwest 10th Terrace & 826 Northwest 10th Terrace

$5,700,000

$76/SF

Building Size

74,280 SF

Asset Type

Industrial

Closing

Feb 6, 2024

AI

The industrial property located at 806-826 Northwest 10th Terrace in Fort Lauderdale has been sold in a transaction. The property spans a total of 37,140 square feet and was sold for a price of $5,700,000, resulting in a price per square foot of $153.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $5,700,000
  • Square Footage: 37,140
  • Address: 806-826 Northwest 10th Terrace, Fort Lauderdale
  • Market: Fort Lauderdale

The buyer of the property was GDF Properties, while Excelsior Capital served as the seller. The transaction was facilitated by Benjamin Silver and Sebastian Misiewicz from CBRE as the brokers representing the buyer and seller.

Players

Benjamin Silver

CBRE

Broker

$277M

vol

37 deals

Broker

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

2.78%

Cash-on-Cash

-0.80%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93