Triarch Capital Group Acquires Fort Lauderdale Industrial Property For $10.4M
950-952 Eller Drive, Fort Lauderdale, FL, USA
$10,400,000
$182/SF
Building Size
57,000 SF
Asset Type
Industrial
Closing
Mar 17, 2021
AI
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.
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
1.53%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93