Updated Dec 4, 2024
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
37,140 SF
Asset Type
Industrial
Closing
Feb 6, 2024
About this deal
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.
On the Map
$5,700,000
$76/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
2.78%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93