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Triarch Capital Group Acquires Fort Lauderdale Industrial Property For $10.4M

Property Image
SOLD
$10,400,000
Shane Decker
+ 1

Florida

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Industrial57,000 SF
Sold 03/18/2021
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SOLD

Triarch Capital Group Acquires Fort Lauderdale Industrial Property For $10.4M

950-952 Eller Drive, Fort Lauderdale, FL, USA

See Similar Deals
Industrial57,000 SF
Sold 03/18/2021
Shane Decker
+ 1
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$182
Total Square Footage:57,000 SF
Transaction Type:Sale

An industrial property located at 950-952 & 940 Eller Drive in Fort Lauderdale has been sold for $10,400,000. The property spans 57,000 square feet, resulting in a price per square foot of $182. Situated on 3 acres, the property was purchased by Triarch Capital Group, represented by Daniel Halberstein, Mario Grosfeld, and Jorge Linkewer. The sellers were the Joshua & Patricia Becker Trust and the Milton & Patricia Wallace Trust.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $10,400,000
  • Address: 950-952 & 940 Eller Drive, Fort Lauderdale
  • Market: Fort Lauderdale
  • Square Footage: 57,000 sqft
  • Price Per Square Foot: $182
  • Acres: 3
  • Price Per Acre: $3,466,667

The buyer's representative in the deal was Isaac Behar from One Sotheby’s International Realty, while Shane Decker from One Commercial represented the sellers.

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Details

SOLD
IMAGE: Isaac Behar & Shane Decker DATE: 03/18/2021 ADDRESS: 950-952 & 940 Eller Drive MARKET: Fort Lauderdale ASSET TYPE: Industrial BUYER: Triarch Capital Group - Daniel Halberstein, Mario Grosfeld & Jorge Linkewer SELLER: Joshua & Patricia Becker Trust & Milton & Patricia Wallace Trust BUYER'S REP: Isaac Behar - One Sotheby’s International Realty SELLER'S REP: Shane Decker - One Commercial PRICE: $10,400,000 SF: 57,000 ~ PPSF: $182 ACRES: 3 ~ PPA: $3,466,667

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$36,949.01
Cash-on-Cash Return-1.27%
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